 US SURVEY AUDIENCE724 Plan Participants | 310 Retirees |
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| The Road to Better Outcomes. For the past five years, MFS has conducted an annual survey of workplace defined contribution (DC) retirement plan participants in the US. New from 2024, we surveyed both participants and retirees, allowing us to compare and contrast participants' expectations of retirement with retirees' actual experiences. The survey results also identified trends among participants in terms of their concerns and retirement readiness, along with their behavior and investment selection. Explore our latest findings, key insights and takeaways to support your retirement plans. |
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| Participant Concerns & Retirement Readiness |
| Participants tell us about their leading financial concerns and areas of focus, their outlook on retirement savings and their views on competing financial priorities. |
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| Participant Behavior & Investment Selection |
| We review what participants understand and what they don’t when it comes to target date funds, as well as share their thoughts on long-term investing and the resources they use to make retirement planning decisions. |
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| Retirement Expectations vs Reality |
| We compare what participants expect when it comes to retirement with what retirees are experiencing in retirement, including their views on retirement confidence and what's most important when it comes to their retirement portfolios. |
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Methodology: To qualify, US Participants had to be 18+, employed at least part-time, and actively contributing to a 401(k), 403(b), 457, or 401(a). US Retirees had to be fully or partially retired and have had a 401(k), 403(b), 457, or 401(a), DB plan, or SEP/Simple IRA. The survey took respondents 15 minutes to complete, and MFS was not revealed as the sponsor. The survey was fielded between March 28 – April 13, 2024. We define generational cohorts as follows: Generation Z age 18-27; Millennial ages 28-43; Generation X ages 44-59; Baby Boomer ages 60-78.
Sample sizes: All Respondents (n=1,034), Pre-Retirees (n=724), Retirees (n=310), Gen Z (n=99), Millennial (n=267), Gen X (n=254), Boomer (n=104), Male (n=376), Female (n=349) This material is for general information purposes only, with no consideration given to the specific investment objective, financial situation and particular needs of any specific person. This material does not constitute any promotion of or advice on MFS investment products or services. The views expressed are those of the author(s) and are subject to change at any time. These views are for informational purposes only and should not be relied upon as a recommendation to purchase any security or as a solicitation or investment advice. Past performance or any prediction, projection or forecast is not indicative of future performance. The information contained herein may not be copied, reproduced or redistributed without the express consent of MFS. While reasonable care has been taken to ensure the accuracy of the information as at the date of publication, MFS does not give any warranty or representation, expressed or implied, and expressly disclaims liability for any errors or omissions. Information may be subject to change without notice. MFS accepts no liability for any loss, indirect or consequential damages, arising from the use of or reliance on this material.
MFS® does not provide legal, tax, or accounting advice. Clients of MFS should obtain their own independent tax and legal advice based on their particular circumstances. No forecasts can be guaranteed.