More than 75% of the 546 full-time employees surveyed said they would take advantage of retirement planning advice if it was provided by their employer, while more than half (54%) said they would also seek out the counsel of an additional source, such as a professional planner.
The survey also found that 42% of respondents do not seriously consider reallocating their 401(k) investments after they are established, a finding that actually seems conservative in view of most reports on rebalancing.
Other findings included:
- 84% – consider it very or somewhat important that a company offer a 401(k) or similar retirement savings plan when making the decision to join or stay with a company
- 76% – contribute the maximum amount at which their company matches or more
MarketFacts conducted the survey of 546 full-time employees in August 2001.