Only one percent of retirement savers in a telephone survey among 750 401(k) plan participants could correctly answer 10 questions regarding benefits, contribution limits and penalties related to their plans.

The survey results, released today by J.P. Morgan/ American Century Retirement Plan Services, reveal that investors had a better understanding of 401(k) plans this year than last year, but continue to struggle with some aspects of the plans.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.