State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
March 18, 2009
Do Participants Read Their Statements?
The answer to the above question is ‘maybe not,’ according to a new survey from I-Pension, LLC. Even with the upheaval in the investment world, many participants are still not paying attention to their 401(k) accounts, according to the survey.

It found that 27% of middle-income investors had not even opened their fourth-quarter 2008 plan statements. A third of those who did read their statement spent less than 1 minute reviewing it, and 72% spent less than 3 minutes. The survey also found that one out of three 401(k) investors had no idea of their fund allocation, and 55% of respondents never rebalanced or changed their investment options in 2008.

And, while 82% of the surveyed investors said they make their investment decisions on their own, the same percentage (82%) said they would be likely to request assistance if their employer provided access to investment advice.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Benefits-Leave/Employee-Benefits/Do-Participants-Read-Their-Statements/