The results of the 2023 Retirement Plan Survey provide valuable insights into the landscape of retirement plans and the practices followed by local organizations. The survey highlights the predominant use of defined contribution plans, such as 401(k)s, the declining popularity of defined benefit pension plans, and the focus on employee education and communication. Employers focus on company contributions, with most contributing a percentage of payroll.

Additionally, the survey sheds light on the various aspects of retirement plans, such as company contributions, retirement provisions, investment options, and measures of plan success. Understanding these key takeaways can help organizations and individuals navigate the complexities of retirement planning and make informed decisions regarding their financial well-being in retirement.

Gain valuable insights from HEC surveys. If you want to stay informed about the latest trends and practices in the industry or explore how your organization compares, participate in our next survey. Stay ahead of the curve and make data-driven decisions by participating in our survey services today.