That may be, in part, because plan sponsors don't do enough to assist their employees with retirement transition. The organization found that few plan sponsors provide things like:
- Educational resources (30 percent)
- Information about distribution options (28 percent)
- Retirement planning materials (25 percent)
Moreover, 22 percent of plan sponsors say they do “nothing” to help employees transition their savings and finances into retirement, with 26 percent of small companies saying this compared with only 7 percent of both medium and large companies.