Defined contribution plan sponsors need to do a better job communicating key information to participants, according to a survey of plan participants conducted by State Street Global Advisors.
"When asked to score the risk and return profiles of traditional fund names between one and 10, roughly 30% of the participants consistently responded, 'I'm not sure.' That figure increased to roughly one-half for the subset of participants who had not read or talked about financial matters in the last six months," according to the survey analysis.
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