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According to the Fidelity study, more participants in restricted stock and stock option plans report they are aware of the value of the grants they hold (82% this year, up 15 points from last year) and the value of their current stock options (86% compared with 79% in 2011). More restricted stock and stock option plan participants know their vesting schedules (88%, up 10 points from last year). Six out of 10 participants in all plan types said they plan to leave their assets in their company stock plan once they are fully vested. Nearly one in five (19%) said that because of the economic downturn and market volatility, their stock plan assets are more important to their overall financial plans than they were before the downturn. Despite increased engagement, many participants still admit to poor investment knowledge. Nearly half (46%) ranked their general investment knowledge five or less on a scale from zero to 10. More than seven in 10 (71%) said they cannot fully explain their company stock plan to others. The survey is a follow-up to a study done last year among similar participants, and included 1,820 stock plan participants from 107 companies.
According to the Fidelity study, more participants in restricted stock and stock option plans report they are aware of the value of the grants they hold (82% this year, up 15 points from last year) and the value of their current stock options (86% compared with 79% in 2011). More restricted stock and stock option plan participants know their vesting schedules (88%, up 10 points from last year).
Six out of 10 participants in all plan types said they plan to leave their assets in their company stock plan once they are fully vested. Nearly one in five (19%) said that because of the economic downturn and market volatility, their stock plan assets are more important to their overall financial plans than they were before the downturn.
Despite increased engagement, many participants still admit to poor investment knowledge. Nearly half (46%) ranked their general investment knowledge five or less on a scale from zero to 10. More than seven in 10 (71%) said they cannot fully explain their company stock plan to others.
Rebecca Mooreeditors@plansponsor.com