Last year, the COVID-19 pandemic shifted priorities in every part of our lives, including our long-term financial health. A shaky stock market led to skyrocketing trading levels in early 2020, and new legislation included in the CARES Act led to a spike in plan withdrawals. But as discretionary spending decreased and some received stimulus checks, DC plan participation and savings increased. As sports, entertainment and travel slowly return, it remains to be seen if workers will continue to save at higher rates.
See the highlights below and download the full report for detailed insights on workers’ behaviors in DC plans.