The road to retirement: help your participants get back on track

Having the right features and defaults, positioning participants for success.

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When it comes to planning for retirement, many participants may not have the time or the knowledge to get started. Default funds are a great way to help participants who may not otherwise have investment expertise, but these solutions have traditionally been limited to a one-size-fits-all approach.

Enhance your plan with Dynamic Default

We know that participant needs may change as they get closer to retirement, and that’s why we are taking default funds one step further to offer an innovative Dynamic Default feature:

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Fund 1:

Young saver is defaulted to an investment positioned for growth opportunity

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Automatic transition:

Move from one default investment to another at a given age

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Fund 2:

Mature saver approaches retirement in an investment positioned for retirement-readiness

With this feature, participants can be defaulted into unique investments based on age. And as younger participants approach retirement, they can automatically transition to a more age-appropriate solution focused on retirement readiness.

Positioning participants for success

Participants in professionally managed options tend to outperform those who self-direct their accounts¹
Plan Sponsors using auto-features see an increase in employee participation and grow plan assets at a faster rate²

When we help participants overcome indecision, we see success stories. And we know Plan Sponsors like you are concerned about delayed and cancelled retirements³. Which is why we offer new features like Dynamic Default to help participants get on track – and stay on track.

Pairing defaults with pension-like income

73%

of retirement plan participants wish their

plans offered pension-like retirement

income streams³

When considering the types of benefits you want to deliver through Dynamic Default, one option is to incorporate a target date fund that offers income protection. This approach can deliver the simplicity of an auto-solution, with income that lasts for life.

PNM-20022AO

To add Dynamic Default to your plan, or to simply learn more, schedule an appointment.

Recursos útiles

DCIIA Survey: Implementation of auto-features continues to rise as plans recognize benefits

EY: What Plan Sponsors need to know about a new generation of offerings

1 "Made to Stick: The Drivers of Default Investment Acceptance in Defined Contribution Plans", Morningstar, 2020

2 "Implementation of Auto Features Continues to Rise as Plans Recognize Benefits", DCIIA, 2020

3 Nationwide Retirement Institute’s In-Plan Lifetime Income Survey, septiembre de 2023

Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

Este material no es una recomendación para comprar o vender un producto financiero ni para adoptar una estrategia de inversión. Los inversores deberían hablar sobre su situación particular con su asesor financiero.

Las disposiciones de estas opciones pueden variar según la selección del plan o la norma estatal. These investment options may not be available in some states.

Las garantías están respaldadas por la capacidad de pago de los reclamos de la compañía emisora del seguro.