Employer-Sponsored Investment Advice

A study by the Society for Human Resource Management, Employee Benefit Research Institute and WorldatWork

Survey

Among private-sector employers sponsoring retirement plans for their employees, there has been a constant evolution from a defined benefit to a defined contribution system in the last two decades. Although defined contribution plans have many advantages over defined benefit plans, the retirement income they provide to participants is based on the investment income accrued, unlike defined benefit plans where the plan sponsor assumes the investment risk.

Survey Results

Approximately one-half (49%) of the respondents indicated that plan participants have access to investment advice from their organizations, retirement plan provider and/or investment advisory service provider. Several characteristics of the organizations were associated with the likelihood of offering investment advice. Overall, the larger the number of investment choices offered to the participants, the more likely the organization was to offer some type of investment advice.

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  • 2004
    This is a Member Only Benefit.

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