automatic escalation

Savings Inertia: Moving Beyond the Default
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
New research has revealed some telling patterns in employee retirement plan contribution rates. According to PLANSPONSOR’s 2025 Participant Survey, nearly 4 in 10 participants said that, when choosing their rate, they simply stayed with the plan’s default setting. What this means is that the default doesn’t always just start the retirement savings journey. For a  Read More →
Engaging the TikTok Generation on Retirement
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Nearly a quarter of all Gen Z employees aren’t enrolled in a company retirement plan, according to BenefitsPro. That’s three times the rate of millennials, Gen X, and Boomers. In addition, 12% of Gen Zers don’t take advantage of any workplace benefits at all, twice the rate of other generations. Here are ways plan sponsors  Read More →
How Employers Can Help Close the Racial Retirement Wealth Gap
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
Recent research conducted by Economist Impact highlights a significant discrepancy between white and Black workers’ retirement confidence. While half of white respondents feel confident about retiring by the federal retirement age, only 39% of Black survey takers share this sentiment. Older Black workers (ages 51-64) face even greater uncertainty, as they’re the least likely to  Read More →

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