10th Annual Retirement Savers Survey
The Retirement Journey—Reflection, Risk and Resolve
The journey to a fulfilling retirement is paved with sentiments about past savings efforts and anticipation about what lies ahead. Our tenth national survey of participants and plan sponsors reinforced this again.
Survey Says, No Turning Back: Accumulation and Beyond in Retirement Plans
Join Glenn Dial, Senior Retirement Strategist, for a look at the retirement journey—where we’ve been, where we’re going and what opportunities and challenges the next phase might bring.
The Road Behind
Savers continue to have good intentions and admit they could have done (and could still do) more. Most juggle competing financial demands. The employer’s and advisor’s roles remain critical as employees embrace new plan features and educational resources that can help them with retirement readiness.
The Path Today
Bumps in the road wrought by the pandemic and today’s market volatility, record inflation and interest rate hikes are presenting more than the usual challenges to saving and planning ahead. While personal bills and debt remain challenging, worries about volatility and inflation have risen to the forefront.
The Way Forward
As more savers prepare to retire, they’re looking for a new kind of help. Most say they need guidance in withdrawing their money (plan sponsors agree). Protecting savings is significantly important. And many show interest in an investment option designed to help them draw guaranteed income in retirement.
Explore More Highlights
Review the Findings – 2 Views, 2 Ways
2022 Survey Summary
Review and share a detailed summary of findings from participants and plan sponsors.
Road Trip Retrospective
Follow the journey through 10 years of our survey findings—past, present and what’s ahead.
Methodology: The participant survey was conducted between December 7, 2022, and January 4, 2023. Survey included 1,509 full-time workers between the ages of 25 and 65 saving through their employer’s retirement plan. The data were weighted to reflect key demographics (gender, income, and education) among all American private sector participants between 25 and 65.
The sponsor survey was conducted between August 22 and September 12, 2022. Survey included 508 plan sponsor representatives holding a job title of Director or higher, and having considerable influence when it comes to making decisions about their company’s retirement plan (either 401(k), 403(b), or 457 plans). The data were weighted to reflect the makeup of the total defined contribution population by plan asset size.
Percentages in the tables and charts may not total 100 due to rounding and/or missing categories.
Greenwald Research of Washington, D.C., completed data collection and analysis.
Environmental, Social and Governance (ESG) refers to how a company’s practices affect nature (climate change, carbon emissions, renewable energy, etc.), its relationship to stakeholders (such as employee relations, working conditions, human rights practices, etc.) and its corporate leadership, policies and structure (including management diversity, compliance policies corruption prevention, etc.).
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
You could lose money by investing in a mutual fund, even if through your employer's plan or an IRA. An investment in a mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.