Inside the Minds of Plan Participants: The Future Comes into Focus

AB’s proprietary insights on DC plan participants shed light on evolving attitudes and perspectives about retirement, helping plan sponsors understand their needs and pursue better outcomes.

We Have Identified Three Distinct Investor Personas

Who’s Who Among Participants?
 

We know from our research that plan participants have varying degrees of investment sophistication, confidence and engagement. If plan sponsors and providers approach participants by targeting the strengths and weaknesses of their personas, it may be possible to increase the knowledge of each group—and ultimately the retirement savings for all.

Source: All data sourced from AllianceBernstein (AB) Inside the Minds of Plan Participants research, 2023

About AB’s Defined Contribution Research

The Defined Contribution (DC) team at AllianceBernstein (AB) has conducted annual surveys of employees since 2005 and biennial surveys of plan sponsors since 2006. These snapshots help us understand the attitudes and behaviors of workers toward retirement saving, the changing state of DC plans, and the concerns, perspectives and strategies of plan sponsors. We want to share this research with plan sponsors. We believe it will help them understand how to lead participants to better savings outcomes and more comfortable, confident retirements. We conducted our most recent web-based plan-participant survey in June 2023. It was based on a national sample of more than 1,300 employees. Of these, 1,004 were full-time workers participating in a workplace retirement savings plan at their current employer and 208 were retirees who had previously worked full time and participated in a workplace savings plan.

Note to All Readers: The information contained herein reflects, as of the date hereof, the views of AllianceBernstein L.P. (or its applicable affiliate providing this publication) (“AB”) and sources believed by AB to be reliable. No representation or warranty is made concerning the accuracy of any data compiled herein. In addition, there can be no guarantee that any projection, forecast or opinion in these materials will be realized. Past performance is neither indicative of, nor a guarantee of, future results. The views expressed herein may change at any time subsequent to the date of issue hereof. These materials are provided for informational purposes only and under no circumstances may any information contained herein be construed as investment advice. AB does not provide tax, legal or accounting advice. The information contained herein does not take into account your particular investment objectives, financial situation or needs and you should, in considering this material, discuss your individual circumstances with professionals in those areas before making any decisions. Any information contained herein may not be construed as any sales or marketing materials in respect of, or an offer or solicitation for the purchase or sale of, any financial instrument, product or service sponsored or provided by AllianceBernstein L.P. or any affiliate or agent thereof. References to specific securities are presented solely in the context of industry analysis and are not to be considered recommendations by AB. This is not intended to be legal advice (and should not be relied upon as such) but just a discussion of issues.

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