Plan participants are showing increasing signs of improving their savings behavior.
(1888PressRelease) September 06, 2019 - Byron Stafford, a professional Asset Manager who provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals, today announced that according to a newly issued report from Byron Stafford the retirement outlook for individuals covered by employer-sponsored retirement plans is increasingly optimistic due to employers driving enhancements to plan design and participants adopting prudent investing practices.
Byron Stafford’s annual report on retirement savings in corporate retirement plans—finds that the increased adoption of automatic savings features has helped more plan employees save at near optimal levels and save more effectively. Byron Stafford reported the following:
• Auto features are encouraging consistent savings.
• At year-end 2018, 52% of all participants were invested in a single target-date fund.
• Extreme allocations have fallen in recent years as a result of the rise of target-date funds and other professionally managed allocations.
“Our research has shown plan sponsors have a continued commitment to improving plan design for participants, which has led to positive results—increased participation, savings rates, and improved portfolio construction. Moreover, the greater adoption of target-date funds signals a shift in responsibility as participants’ investment decision-making is increasingly moving toward employer-selected investment and advice programs,” said George Kwok-wah, Managing Director of Byron Stafford’s Institutional Investor Group. “We are actively using this research and other participant data to better understand the individual behind every financial decision in order to drive better retirement outcomes.”
Plan participants are showing increasing signs of improving their savings behavior. Among the highlights:
• Despite volatile equity markets in 2018, trading was muted, with only 8% of participants making one or more portfolio trades or exchanges during the year.
• Among plans offering company stock, there has been a move away from concentrated holdings—defined as participants holding more than 20% of their account balance in company stock.
• More individuals are taking steps to preserve their assets for retirement.
About Byron Stafford
Byron Stafford is a professional Asset Manager who provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals. Our clients currently entrust the firm with billions in an investment philosophy designed to deliver superior, risk-adjusted returns via both separately managed account and mutual fund platforms. Byron Stafford was built on the cornerstones of intelligence, experience and conviction that it is believed clients expect from their investment managers. Byron Stafford is as committed to providing clients superior performance today as the day it was founded. It is that unwavering dedication that helps ensure the firm will be around for at least five decades to come.
Plan participants are showing increasing signs of improving their savings behavior. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam