NEPC, a Boston-based investment consulting firm, unveiled the finding in its 12th Annual NEPC Defined Contribution Plan and Fee Survey. The survey examines U.S. trends in employer-based retirement plan management and comprises 123 defined contribution plan responses.
Here are three additional findings.
1. Ninety percent of defined contribution plans implement target date funds as the default compared to 83 percent of healthcare plans.
2. Roughly half of employers auto-enroll new hires in defined contribution plans.
3. This year, the median recordkeeping fee per participant with an account balance is $56, compared to $55 in 2016.
For the full results, click here.
More articles on human capital and risk:
University of Illinois Hospital averts strike with tentative labor deal
Nurse strike costs California county $1.5M
51% of Pennsylvania nurses say workplace influence has dropped in last 5 years
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
