Revealed in a
study administered by Schwab Retirement Plan Services, Inc., nearly 74% of retirement plan sponsors surveyed offer automatic features and investment guidance to their employees. Plan sponsors are finding that more of their employees are saving for their retirement since incorporating an Automatic Enrollment feature to their plan and find that their participants are taking a more strategic approach to meet their retirement goals through the provided investment guidance tools.
Employers are also offering more investment opportunities in conjunction with automatic features and investment advice. 76% of plan sponsors surveyed currently offer target dated funds within the investment line-up of their retirement plan, allowing their participants a more diversified investment approach.
Looking to offer automatic features as well as a diversified investment line-up for your employees? Consider offering a NADART 401(k) plan for your business. With 27 diversified investments, including target dated funds, as well as Automatic Enrollment, Roth 401(k) Contributions and a Sub20 plan for businesses with 20 or fewer employees, your company can offer a variety of options that fit your needs, and budget! For more information regarding the plan features we offer, please contact one of our representatives at (800) 462-3278, ext. 7254 or nadart401k@nada.org.