Our 2020 Universe Benchmarks report is the latest in a long line of annual reports that illustrate how workers are saving and investing in defined contribution (DC) plans. This year’s version features data from 116 plans covering more than three million eligible participants, discusses plan participation rates, savings rates, balances, investments, trading activity and distributions from accounts (e.g. loans, withdrawals, cash-outs and rollovers).
A recent Alight on Wellbeing podcast brought together seasoned benefit experts to shed light on what employers and employees alike should be considering as the open enrollment season approaches.
If you have money in your savings account, that’s great, but make sure you have enough set aside for an emergency.