401(k) Investors Want More Advice New York Times (09/22/02) ; Sommer, Jeff
Results from a new poll show that most 401(k) participants want their employers to supply more investment advice. According to a survey that was commissioned by Cigna Retirement and Investing Services, 89 percent of 401(k) investors reported that they wanted their employers to provide "specific information on investment decision-making," while 55 percent said their employers could do more to answer their questions about retirement planning. Employers received their lowest marks from younger employees. A modest 34 percent of respondents between the ages of 18 and 25 said their employers offer them "specific investment education and information tailored to their needs," versus 39 percent of workers age 26-37.