Manufacturing a change in retirement outcomes

August 21, 2019

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What did a large manufacturing company do to help improve retirement outcomes for thousands of its employees? By leveraging behavioral technology, the company identified three ways to enhance automatic plan design features. It raised the automatic default percentage, added a two-part sweep, and incorporated a 1% annual default percentage increase. Find out how the company reached this solution—and how it moved the dial on average income replacement ratio from good to great.

For additional insights, case studies, online tools, and customized solutions to drive better outcomes for you and your participants visit the Vanguard Strategic Retirement Consulting page.

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