1 Based on Fidelity analysis of 22,300 corporate DC plans (including advisor-sold DC) and 15.3 million participants as of 9/30/2017.
2 Generations are defined as: Millennials, born 1981–1997; Gen X, born 1965–1980; Baby Boomers, born 1946–1964.
3 For "Asset Allocation" purposes, the participant's current age and equity holdings are compared with an example table containing age-based equity holding percentages based on an equity glide path. The Fidelity Equity Glide Path is an example we use for this measure and is a range of equity allocations that may be generally appropriate for many investors saving for retirement and planning to retire around ages 65 to 67. It is designed to become more conservative as participants approach retirement and beyond. The glide path begins with 90% equity holdings within a retirement portfolio at age 25 continuing down to 24% equity holdings at age 93. Equities are defined as domestic equity, international equity, company stock, and the equity portion of blended investment options. The Fidelity equity band is not intended as a benchmark for individual investors; rather, it represents a range of equity allocations that may be appropriate for many investors saving for retirement. Investors should allocate assets based on individual risk tolerance, investment time horizon, and personal financial situation. A particular asset allocation may be achieved by using different allocations in different accounts or by using the same one across multiple accounts.
4 Unengaged DIY Baby Boomer refers to active participants born between 1946–1964 who were continuously present during the prior 10 years (09/30/07–09/30/17) and (1) were do-it-yourself (DIY), (2) held a balanced portfolio (i.e., not 100% or 0% equity), and (3) made no exchanges during the period.
5 Fidelity Investments Help and Advice Research represents insight from an online survey of more than 2,000 actively contributing DC participants who are employed full-time and were recruited through a national panel. The research was completed in April 2017 by ConsumerMetrics Inc. (CMI), an independent third-party research firm.
6 Fidelity Investments report, "Market Volatility and Weak US Economy Outlook impact on DC-TEM volume," August 10, 2011.
7 Based on Fidelity Investments recordkept data of corporate defined contribution (DC) and TEM, nearly 21,900 plans and 14.2 million participants as of June 30, 2017. Excludes Non-Qualified plans, TEM Pooled plans, Defined Benefit cash balance plans, plans with 0 participants, and FMR Co. plans. Participant accounts only (excludes beneficiaries, QDROs, forfeiture, and other accounts). Client-driven exchanges do not indicate participant behavior/engagement and are NOT included. "Have not engaged" refers to participants who have not made a fund exchange, updated how their savings are invested, or contacted Fidelity via the phone or logged on to NetBenefits in at least two years.
8 Based on Fidelity analysis of 22,200 corporate DC plans (including advisor-sold DC) and 15.0 million participants as of 06/30/2017. Investors who got out of stocks refers to 401(k) participants who went to a 0% equity allocation between Q1'08–Q1'09; those who stayed invested refers to 401(k) participants who maintained some equity exposure between Q1’08-Q1’09. In both populations, the majority continued to make new contributions. Withdrawals are not accounted for.
For Plan Sponsor and investment professional use only. Not for use with plan participants. Approved for use in the advisor and 401(k) markets. Firm review may apply.
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