63%: Defined contribution plans with financial modelling tools.
Nearly two-thirds of all defined contribution plans have tools to model various savings and investing paths and try out different investing horizons, according to Aon Hewitt. The 400 plans surveyed in fall 2013 said that helping plan participants visualize how today’s actions can affect their financial futures can help participants more effectively decide how and where to allocate their money.
We believe the more clarity plan sponsors and their advisors can bring to the often-confusing world of investing, the better. Plan sponsors and their advisors can consider including the latest tools with a comprehensive educational program in basic financial literacy.