- From the Field
- Plan sponsor, plan sponsor, make me a match
- Savings behavior impacts glide paths more than defined contribution plan match formulas.
- 2024-05-13 08:52
- Key Insights
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- Our modeling work found that participant savings behavior had a greater impact on glide path design than employer match generosity did.
- The richness of the match formula shifted the optimal glide path equity allocation by less than 5% at all ages, even in the absence of a defined benefit plan.
- These findings support the idea that participants ultimately own their outcomes when their retirements are supported primarily by defined contribution plans.
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