The Principal Financial Group® Retirement Readiness Survey
Recent research supports plan design changes
For more on how to leverage these results, contact your financial professional or local representative of The Principal®.
Retirement plan sponsors and their financial professionals are increasingly focused on retirement readiness—the ability of participants to retire with adequate savings. To gain employers' perspectives on plan design issues related to retirement readiness—and to explore their views on potential legislative changes to the retirement system—the Principal Financial Group commissioned Harris Interactive to conduct an online survey of 1,305 employers in May - June 2011.
The survey respondents included both employers who sponsor defined contribution retirement plans and employers who don't sponsor defined contribution (DC) plans. All employers surveyed were within the small- to medium-sized business market (employers with 3 – 1,000 employees). The research is unique in the industry as it focuses on small and medium-sized businesses, and it connects the challenges of preparing participants for retirement with specific plan design choices.
For more information, see the full The Principal Financial Group® Retirement Readiness Survey PDF: 370 KB) report.
2011 Principal Financial Group Retirement Readiness Survey methodology:
This survey was conducted online within the United States by Harris Interactive on behalf of the Principal Financial Group from May 17 - June 17, 2011 among 507 U.S. adults aged 18 and older who are employee-benefit decision makers for companies with 10-500 employees and do not currently offer defined contribution retirement plans. 798 employee-benefit decisions makers for companies that do offer defined contribution retirement plans were also surveyed. These decision makers were selected from a Principal Financial Group client list, and their data was not weighted. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology please contact Sarah Ehlinger at Ehlinger.Sarah@principal.com.
Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group® (The Principal®), Des Moines, IA 50392.
FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY.
NOT FOR DISTRIBUTION TO ANY PLAN PARTICIPANT.