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/