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To unlock and create growth
Integrated solutions designed for enterprise-wide results. These offerings make the most of your investments in both technology and people.
Health Administration | Employer Solutions
To better wellbeing
Solutions to help employees and employers choose, use and manage their health benefits.
Wealth Administration | Employer Solutions
To build a future
Solutions to help employees and employers choose, use and manage their wealth benefits.
Payroll Administration | Employer Solutions
To keep spend in shape
Solutions to administer, optimize and scale your payroll.
Engagement and Communications | Employer Solutions
To spark interest
Solutions to create a more memorable employee experience.
HCM and Financial Management | Professional Services
To keep things running smoothly
Solutions to better manage your workforce from the cloud.
INSIGHTS
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FEATURED INSIGHTS
Finance is moving to the Cloud ...are you ready?
The Advantages for Health Saving Accounts (HSAs): Employees find balance between health and wealth
TOPICS
The Advantages fo Health Saving Accounts (HSAs): Employees find balance between health and wealth
FUNCTION
EVENTS
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Curtiss-Wright: Increasing utilization and satisfaction with an integrated benefits platform
Pathway Vet Alliance: Thriving in the cloud with Alight and Workday
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FEATURED NEWS
Our 2020 Universe Benchmarks report is the latest in a long line of annual reports that illustrate how workers are saving and investing in defined contribution (DC) plans. This year’s version features data from 116 plans covering more than three million eligible participants, discusses plan participation rates, savings rates, balances, investments, trading activity and distributions from accounts (e.g. loans, withdrawals, cash-outs and rollovers).
The once-roaring Wall Street has since been replaced with uncertainty in light of the COVID-19 pandemic. We hope that critical measures of DC plans such as participation rates and account balances quickly return to their levels before the pandemic. It is important to benchmark those activities from the start of 2020 to fully know when they have returned. Check out the highlights below and download the report for more insights on workers’ behaviors in DC plans.
Average plan balances are down 17%
Average plan balance $101,070 as of 3/31/20 compared to $122,150 as of 1/1/20
First quarter of 2020
14% of participants made a trade—on track for an overall yearly increase
In all of 2019
21% of participants made a trade
18% of participants increased their contribution
6% of participants decreased their contribution, but are still saving
2% of participants stopped contributing
If you are interested in a more in-depth analysis of plan data, including deeper cuts by age, gender, tenure and industry, talk to us!