Financial Engines has improved its 401(k) advice services with the launch of the Financial Engines Retirement Plan, a personalized statement that addresses each investor’s savings, investments and retirement income needs.

As Financial Engines noted, the recent market downturn has reduced retirement account balances and shaken investors’ confidence. According to the Employee Benefit Research Institute’s annual retirement confidence survey, the number of workers who feel very confident about their ability to retire has dropped to 13%, the lowest in the survey’s 19-year history.

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