Last week Fisher Investments published a Fisher’s 401(k) IQ IN THE WORKPLACE QUIZ.
The quiz confirms a surprisingly low level of company 401(k) retirement plan knowledge. You may be surprised by your number of correct answers.
It has long been the case that most individual company 401(k) retirement plan participants look to friends, family, or co-workers for help with their company 401(k) mutual fund choices.
It is also no secret that the majority of individual company 401(k) retirement plan participants lack even a basic understanding of how their retirement plan works.
Only 25% of survey respondents stated that they can’t recall how they picked their current company 401(k) retirement plan mutual funds.
The results of this quiz are not surprising. There is a huge need for individual company 401(k) retirement plan investment advice.
Ric Lager
Lager & Company, Inc.
