PGIM Surveys Plan Sponsors, Assesses DC Landscape and Perspectives on Optimizing Retirement Outcomes
PGIM DC Solutions has released its Defined Contribution (DC) Landscape Survey results, based on responses from 302 retirement plan decision-makers. The research, conducted with Greenwald Associates, reveals significant insights into improving retirement outcomes.
Key findings include:
- 88% of plan sponsors believe personalized advice and guidance will improve retirement outcomes
- 63% of plans show interest in managed accounts at 10 or fewer basis points
- High satisfaction rates with plan investments: 93% for asset class diversification, 91% for performance, and 85% for cost
- 81% agree that retiree access to tools and education is important for retirement success
- 64% believe plans need more innovation
- 85% note customized communications can lead to better outcomes
The survey highlights opportunities for improvement in areas such as retirement planning tools, with only 48% of plans offering spending level guidance and 20% providing Social Security claiming tools. While artificial intelligence could enhance personalized communications, its current adoption remains low.
PGIM DC Solutions ha pubblicato i risultati del suo sondaggio sul paesaggio delle Contributi Definiti (DC), basato sulle risposte di 302 decisori di piani pensionistici. La ricerca, condotta con Greenwald Associates, rivela importanti intuizioni per migliorare i risultati pensionistici.
Le principali scoperte includono:
- Il 88% degli sponsor dei piani ritiene che consigli e orientamenti personalizzati miglioreranno i risultati pensionistici
- Il 63% dei piani mostra interesse per conti gestiti a 10 punti base o meno
- Alti tassi di soddisfazione con gli investimenti del piano: 93% per diversificazione delle classi di attivi, 91% per performance e 85% per costi
- Il 81% concorda sul fatto che l'accesso degli anziani a strumenti e formazione è importante per il successo pensionistico
- Il 64% ritiene che i piani necessitino di maggiore innovazione
- L'85% osserva che comunicazioni personalizzate possono portare a risultati migliori
Il sondaggio evidenzia opportunità di miglioramento in aree come gli strumenti di pianificazione pensionistica, con solo il 48% dei piani che offre indicazioni sui livelli di spesa e il 20% che fornisce strumenti per la richiesta della Social Security. Sebbene l'intelligenza artificiale possa migliorare le comunicazioni personalizzate, la sua attuale adozione rimane bassa.
PGIM DC Solutions ha publicado los resultados de su encuesta sobre el panorama de las Contribuciones Definidas (DC), basada en las respuestas de 302 tomadores de decisiones de planes de jubilación. La investigación, realizada con Greenwald Associates, revela importantes perspectivas para mejorar los resultados de jubilación.
Los hallazgos clave incluyen:
- El 88% de los patrocinadores de planes creen que el asesoramiento y la orientación personalizados mejorarán los resultados de jubilación
- El 63% de los planes muestra interés en cuentas gestionadas a 10 puntos básicos o menos
- Altas tasas de satisfacción con las inversiones del plan: 93% por diversificación de clases de activos, 91% por rendimiento y 85% por costos
- El 81% está de acuerdo en que el acceso de los jubilados a herramientas y educación es importante para el éxito de la jubilación
- El 64% cree que los planes necesitan más innovación
- El 85% señala que las comunicaciones personalizadas pueden conducir a mejores resultados
La encuesta destaca oportunidades de mejora en áreas como las herramientas de planificación de jubilación, con solo el 48% de los planes que ofrece orientación sobre niveles de gasto y el 20% que proporciona herramientas para la solicitud de la Seguridad Social. Si bien la inteligencia artificial podría mejorar las comunicaciones personalizadas, su adopción actual sigue siendo baja.
PGIM DC Solutions는 302명의 퇴직 연금 결정권자의 응답을 기반으로 한 기여형 연금(DC) 경관 조사 결과를 발표했습니다. Greenwald Associates와 함께 진행된 이 연구는 퇴직 결과를 개선하기 위한 중요한 통찰력을 제공합니다.
주요 발견 사항은 다음과 같습니다:
- 88%의 플랜 스폰서는 개인 맞춤형 조언 및 안내가 퇴직 결과를 개선할 것이라고 믿습니다
- 63%의 플랜이 10 베이시스 포인트 이하의 관리 계좌에 관심을 보입니다
- 플랜 투자에 대한 높은 만족도: 자산 클래스 다각화에 대해 93%, 성과에 대해 91%, 비용에 대해 85%
- 81%는 퇴직자의 도구 및 교육 접근이 퇴직 성공에 중요하다고 동의합니다
- 64%는 플랜이 더 많은 혁신이 필요하다고 생각합니다
- 85%는 맞춤형 커뮤니케이션이 더 나은 결과로 이어질 수 있다고 언급합니다
조사는 퇴직 계획 도구와 같은 개선 기회를 강조하며, 단 48%의 플랜만이 지출 수준 안내를 제공하고 20%만이 사회 보장 청구 도구를 제공합니다. 인공지능이 개인 맞춤형 커뮤니케이션을 향상시킬 수 있지만, 현재 채택률은 낮습니다.
PGIM DC Solutions a publié les résultats de son enquête sur le paysage des Contributions Défini (DC), basée sur les réponses de 302 décideurs de plans de retraite. La recherche, réalisée avec Greenwald Associates, révèle des informations significatives pour améliorer les résultats de retraite.
Les principales conclusions incluent :
- 88% des sponsors de plans estiment que des conseils et une orientation personnalisés amélioreront les résultats de retraite
- 63% des plans montrent un intérêt pour des comptes gérés à 10 points de base ou moins
- Taux de satisfaction élevés concernant les investissements des plans : 93% pour la diversification des classes d'actifs, 91% pour la performance et 85% pour le coût
- 81% conviennent que l'accès des retraités à des outils et à l'éducation est important pour le succès de la retraite
- 64% estiment que les plans ont besoin de plus d'innovation
- 85% notent que des communications personnalisées peuvent conduire à de meilleurs résultats
L'enquête met en évidence des opportunités d'amélioration dans des domaines tels que les outils de planification de la retraite, avec seulement 48% des plans offrant des conseils sur les niveaux de dépenses et 20% fournissant des outils pour faire une demande de sécurité sociale. Bien que l'intelligence artificielle puisse améliorer les communications personnalisées, son adoption actuelle reste faible.
PGIM DC Solutions hat die Ergebnisse seiner Umfrage zum Thema Beitragsorientierte Pläne (DC) veröffentlicht, die auf den Antworten von 302 Entscheidungsträgern von Rentenplänen basiert. Die Forschung, die in Zusammenarbeit mit Greenwald Associates durchgeführt wurde, zeigt wichtige Erkenntnisse zur Verbesserung der Rentenergebnisse.
Wesentliche Ergebnisse sind:
- 88% der Planträger glauben, dass personalisierte Beratung und Anleitung die Rentenergebnisse verbessern werden
- 63% der Pläne zeigen Interesse an verwalteten Konten mit 10 oder weniger Basispunkten
- Hohe Zufriedenheitsraten mit den Planinvestitionen: 93% für Diversifikation der Anlageklassen, 91% für Leistung und 85% für Kosten
- 81% stimmen zu, dass der Zugang der Rentner zu Werkzeugen und Bildung wichtig für den Rentenerfolg ist
- 64% glauben, dass Pläne mehr Innovation benötigen
- 85% bemerken, dass maßgeschneiderte Kommunikation zu besseren Ergebnissen führen kann
Die Umfrage hebt Verbesserungsmöglichkeiten in Bereichen wie Rentenplanungswerkzeugen hervor, wobei nur 48% der Pläne eine Anleitung zum Ausgabeniveau bieten und 20% Werkzeuge zur Beantragung von Sozialleistungen bereitstellen. Obwohl künstliche Intelligenz die personalisierte Kommunikation verbessern könnte, bleibt ihre derzeitige Nutzung gering.
- None.
- None.
Michael Miller, Managing Director and Head of PGIM DC Solutions (Photo: Business Wire)
PGIM’s research, conducted in partnership with Greenwald Associates, is based on a survey of 302 retirement plan decision-makers.
“Employers and plan sponsors have shown a clear interest in providing better retirement outcomes for employees,” said Michael Miller, managing director and head of PGIM DC Solutions. “As the industry evolves, enhanced income solutions, plan design, advice, education and communication will all play pivotal roles in improving the retirement experience for American workers.”
The survey results have been organized into a four-part series, with analysis and commentary led by David Blanchett, head of retirement research at PGIM DC Solutions.
Key focus areas and findings include:
-
Personalized solutions can improve retirement outcomes. Survey results indicate significant interest in personalized solutions, with
88% of plan sponsors surveyed believing personalized advice and guidance will improve retirement outcomes. Interest in managed accounts, especially when used as the default investment, increases significantly at lower price points. For example,63% of plans are interested at 10 or less basis points, which is significantly less than price points today which tend to equal or exceed 25 basis points. -
Quality investments make a meaningful impact. Overall satisfaction with plan investments is relatively high in areas such as asset class diversification (
93% ), performance (91% ) and cost (85% ). DC plan decision-makers were also relatively satisfied with target-date funds (TDFs) and have relatively high conviction in certain exposures, including active fixed income, high-yield bonds and alternative assets such as real estate and commodities. However, concerns exist with respect to the glide path, volatility and lawsuit vulnerability. -
Tools and education will be key to retirement success. Survey results reveal
81% of respondents agree a key component to achieving retirement success entails retirees having access to tools and education to help navigate investing, spending and Social Security decisions. However, only48% of plans offer tools to help retirees determine prudent spending levels and only20% of plans offer Social Security claiming tools. -
There is room to improve retirement outcomes for plan participants. While it is clear plan sponsors believe DC plans offer competitive advantages and help retain top talent,
64% of respondents believe plans need to be more innovative. Plan communications are the most widely noted area for potential plan enhancements, with85% of respondents having noted customized communications can lead to better retirement outcomes. Artificial intelligence (AI) could be leveraged to simplify personalized communications, though relatively few plans note using AI today.
“DC plans continue to improve to help participants get not just to, but through retirement,” noted Blanchett. “While the industry progress is promising, our survey results suggest more can be done to optimize retirement for DC participants, though cost limitations persist.”
More detailed findings from the survey and accompanying four-part series and analysis can be found here.
ABOUT THE SURVEY
The research was conducted in partnership with Greenwald Associates. Online surveys were completed by 302 retirement plan decision-makers in September and October of 2024. Respondents included decision-makers for DC plans with at least
ABOUT PGIM DC SOLUTIONS
As the retirement solutions provider of PGIM, PGIM DC Solutions seeks to deliver innovative defined contribution solutions founded on market-leading research and capabilities. Our highly experienced team partners with clients on customized solutions to solve for retirement income. As of Sept. 30, 2024, PGIM had
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 42 offices across 19 countries, our more than 1,400 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager with
1 Reported data reflect the assets under management by PGIM and its investment adviser affiliates for defined contribution investment purposes only.
2 As of Sept. 30, 2024.
PGIM DC Solutions LLC (“PGIM DC Solutions) is an SEC-registered investment adviser, a
Receipt of these materials by anyone other than the intended recipient does not establish a relationship between such person and PGIM DC Solutions LLC (“PGIM DC Solutions”) or any of its affiliates. These materials are not intended as an offer or solicitation with respect to the purchase or sale of any security. The information presented is not intended as investment advice and is not a recommendation about managing or investing retirement savings. These materials do not take into account individual investment objectives or financial situations.
These materials represent the views, opinions and recommendations of the author(s) regarding the economic conditions, asset classes, securities, issuers, or financial instruments referenced herein. Any reproduction of this document, in whole or in part, or the disclosure of any of its contents, without PGIM’s prior written consent, is prohibited. This document contains the current opinions of the manager, and such opinions are subject to change. Certain information in this document has been obtained from sources that PGIM believes to be reliable as of the date presented; however, PGIM cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. PGIM has no obligation to update any or all such information; nor do we make any express or implied warranties or representations as to its completeness or accuracy. Any information presented regarding the affiliates of PGIM is presented purely to facilitate an organizational overview and is not a solicitation on behalf of any affiliate. These materials are not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services. These materials do not constitute investment advice and should not be used as the basis for any investment decision. Past performance is not a guarantee or a reliable indicator of future results.
These materials are for informational or educational purposes. In providing these materials, PGIM is not acting as your fiduciary and is not giving advice in a fiduciary capacity. The information contained herein is provided on the basis of and subject to the explanations, caveats and warnings set out in this notice and elsewhere herein. Any discussion of risk management is intended to describe PGIM’s efforts to monitor and manage risk but does not imply low risk. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. These materials do not purport to provide any legal, tax or accounting advice. These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation. Certain information contained in this document constitute “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the investments may differ materially from those reflected or contemplated in such forward-looking statements. Any projections or forecasts presented herein are as of the date of this presentation and are subject to change without notice. Actual data will vary and may not be reflected here. Projections and forecasts are subject to high levels of uncertainty. Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes. Projections or forecasts are estimated, based on assumptions, and are subject to significant revision and may change materially as economic and market conditions change. PGIM has no obligation to provide updates or changes to any projections or forecasts.
© 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM DC Solutions and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
4227658
View source version on businesswire.com: https://www.businesswire.com/news/home/20250212321837/en/
MEDIA
Leah Pappas
973-856-5709
leah.pappas@pgim.com
Source: Prudential Financial, Inc.
FAQ
What percentage of plan sponsors believe personalized advice improves retirement outcomes according to PGIM's survey?
What is the satisfaction rate with investment performance in DC plans based on PGIM's research?
How many retirement plan decision-makers participated in PGIM's DC Landscape Survey?
What percentage of plans offer Social Security claiming tools according to PGIM's findings?
What percentage of plans are interested in managed accounts at 10 or fewer basis points?
How many plan sponsors believe DC plans need to be more innovative?
