Académique Documents
Professionnel Documents
Culture Documents
Report
Prepared for
Plan Sponsor
Table of Contents
Employee Engagement
Details on how many employees were
engaged and their feedback on Retiremap.
Financial Wellness
Data on employees savings rates, financial
goals and debt issues.
Retirement Readiness
See how employee retirement readiness
compares across demographic groups.
Demographic Differences
Dive into the differences between
employees goals and investing approaches.
Next Steps
Review of what comes next and areas for
considering additional support.
Employee Engagement
Overview
42%
Interested
in meeting
an advisor
108
Employees
Engaged
(received a personalized Starter
Roadmap and custom online
Dashboard)
24%
97%
Completion
rate
How
employees
engaged
76%
iWorkshops (76%)
Online (24%)
Employee Engagement
Profile
58%
of engaged
employees are
married
23%
38%
Employees
engaged by
generation
39%
Baby Boomers (46-64): 23%
Gen X (65-76): 39%
Millennials (77-92): 38%
67 years old
is the average
anticipated
retirement age
54%
of engaged
employees own
a home
Employee Engagement
13%
Behavior Change
of employees are
interested in autoescalating their
paycheck
contribution
46%
of employees
decided to increase
their paycheck
deferral rate
5.7% of pay
was the average
deferral increase
request
Employee Engagement
Workshop Feedback
12%
Financial Wellness
10%
Overview
12%
Household
Savings
Rates
42%
24%
32%
of engaged
employees have
CREDIT CARD
debt
28%
41%
of engaged
of engaged
employees have
employees have
CAR LOAN
STUDENT LOAN
debt
debt
Financial Wellness
Top 5 Financial Goals
28% of employees
Save for Retirement
71% of employees
Eliminate Debt
43% of employees
Invest Better
41% of employees
Buy a Home
36% of employees
Emergency Fund
35% of employees
21% of employees
19% of employees
17% of employees
99
100%
75%
50%
25%
41%
19%
22%
47%
15%
25%
32%
29%
18%
Assumptions Used to
Calculate Employee
Retirement Readiness
42%
8%
27%
Inflation Rate: 3%
Success rate of Monte Carlo
simulations for non-retirement
years, based on portfolio type:
75%
Replacement rate for income at
retirement (only meets basic
needs, not retirement goals)
18%
0%
13%
21%
23%
Gen X
Baby Boomers
1010
Demographic Differences
Overview
23%
38%
Employees
engaged by
generation
39%
1111
33%
Demographic Differences
Millennials (77-92)
Top 5 Financial Goals
71% of employees
Buy a Home
51% of employees
Invest Better
42% of employees
Eliminate Debt
41% of employees
Emergency Fund
38% of employees
Own a
home
32
28%
Want to
save
more
years old
is the average
age.
11%
7%
How
39%
Millennials
21% are investing
23%
All cash
Mostly bonds and cash
Half stocks
Mostly stocks
All stocks
1212
61%
Demographic Differences
Gen X (65-76)
Top 5 Financial Goals
71% of employees
Eliminate Debt
45% of employees
Emergency Fund
40% of employees
31% of employees
Buy a Home
31% of employees
Own a
home
45
years old
is the average
age.
33%
47%
Want to
save
more
10%
24%
How
Gen Xers
are investing 12%
21%
All cash
Mostly bonds and cash
Half stocks
Mostly stocks
All stocks
1313
77%
Demographic Differences
Baby Boomers (46-64)
Top 5 Financial Goals
Own a
home
56
Want to
save
more
years old
is the average
age.
9%
18%
Save for Retirement
82% of employees
Invest Better
64% of employees
Reduce Spending
34% of employees
Minimize Taxes
33% of employees
28% of employees
48%
18%
How
Baby Boomers
are investing
23%
All cash
Mostly bonds and cash
Half stocks
Mostly stocks
All stocks
32%
1414
Next Steps