BlackRock's 2013 Retirement Survey
Building Engagement: The Power of Listening.
Shaping the future of retirement begins with listening. That's why every year BlackRock surveys plan sponsors and participants about their beliefs, attitudes and concerns. The 2013 survey points to three areas of opportunity for tapping the full potential of DC plans, clarifying key retirement concerns and driving better savings behavior. The survey also suggests clear action steps that build on the great work plan sponsors have already been doing.
DC plans have untapped potential for influencing savings and creating a more positive workplace culture.
79% of participants claim that their DC plan is a valuable benefit, that it has made them more loyal to their employer, and that the more their employer improves their plan, the more they believe the company cares about them as individuals.
Responses indicate that participants see their DC plan in the larger context of the total workplace culture and suggest that they may even view it as an expression of corporate values. This is seen in the 80% of participants who claim that the more their employer improves their plan, the more they believe the company cares about them.
Yet to an extent, plan sponsors may not recognize how positively participants perceive the benefits of their plan with only 1 in 3 believing that the majority of their participants recognize its value. Therefore, plan sponsors often do not reinforce those benefits when engaging with their employees.
Plan sponsors have an opportunity to improve employee loyalty and better engage participants in saving for retirement simply by doing a better job emphasizing the benefits of their plan and by explicitly positioning it as a manifestation of the company's values and culture.
Measure Client Engagement
Learn how engaged participants are in your plan using tools such as BlackRock's Retirement Engagement Benchmark. Then take steps to increase involvement and reinforce the connection between your plans benefits and the company's principles. Email email@example.com to get more information.
Building Engagement: The Power of Listening
Chip Castille, Head of BlackRock DC and Warren Cormier, President of Boston Research Group discuss results from the 2013 Retirement Survey.
Learn More About the Survey
Read the full report for more on how to tap the full potential of DC plans.
Meet CoRI Now.
2012 Retirement Survey
Last year's survey reveals insights on the new world of retirement.
The opinions expressed may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by BlackRock, Inc. and/or its subsidiaries (together, "BlackRock") to be reliable. No representation is made that this information is accurate or complete. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader.
This material does not constitute a recommendation by BlackRock, or an offer to sell, or a solicitation of any offer to buy or sell any securities, product or service. The information is not intended to provide investment advice. BlackRock does not guarantee the suitability or potential value of any particular investment.
Investing involves risk, including possible loss of principal.
The CoRI tool does not guarantee future income or protect against loss of principal. There can be no assurance that an investment strategy based on the CoRI tool will be successful.
©2013 BlackRock, Inc. All Rights Reserved. BLACKROCK and CoRI are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries. All other trademarks are those of their respective owners.
Prepared by BlackRock Investments, LLC, member FINRA.
For use with institutional and professional investors only – proprietary and confidential