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Majority of Employees Failed 401(k) IQ Test
 
 
Many employees have a rough understanding of their workplace 401(k) plan, a recent survey from Fisher Investments puts employees to the test.

How much do you know about 401(k)? Check out the 9 question quiz here: http://www.fisher401k.com/employer-services/employee-investment-solutions/retirement-quiz






The Results:





  • 71% of survey participants failed the test





  • 88% understood the concept of employer matching





  • 24% can define a mutual fund





  • 40% knew how much they need to save to live comfortably in retirement



 



Read more here:

https://401kspecialistmag.com/overwhelming-majority-failed-401k-financial-education-quiz/

 
 
 
 
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