Partnering for positive plan changes

August 1, 2019

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How did a large energy company help improve retirement outcomes for its employees? It made two plan design changes—adding automatic enrollment and adjusting the savings deferral system. The results? Overall plan participation rate grew by 10% from 2017 to 2018. And unions that were using a confusing cents-per-hour deferral election method upgraded to percentage-of-pay elections. Find out how they reached each of these solutions in this case study.

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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