Canada (EN)
Since 1991, Alight Solutions’ Trends & Experience in Defined Contribution Plans has been the premier source for data on the plan provisions in defined contribution (DC) plans. Over the last three decades, as DC plans became the backbone of employer-sponsored retirement plans, employers have been enhancing their plans to help workers build their retirement accounts.
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Security More workers depend on DC plans than ever before.
DC plan is the primary employer-sponsored plan
|
2021
|
92%
|
|---|---|
|
2001
|
56%
|
|
0
100
|
Average DC plan participation rate reported by employers
|
2021
|
82%
|
|---|---|
|
2001
|
75%
|
|
0
100
|
Stability Employers are encouraging more savings in the plan.
of plans have automatic enrollment
of plans with automatic enrollment have contribution escalation
of plans match dollar-for-dollar, up from 13% in 1991
Growth Plan features help workers grow and preserve their balances.
of plans allow for only one loan, up from 37% in 2019
of employers rate Managed Accounts as effective
of plans now allow for partial distributions, up from 55% in 2011
