Companies that sponsor 403(b) and 401(k) plans, who partner with a professional retirement plan advisor, see higher participant outcomes, according to a survey by the Retirement Advisor Council.
The survey of 407 key decision makers for plans with between $5 million and $500 million in plan assets was conducted online in September of last year with funding and research oversight by Fidelity Investments, Franklin Templeton Investments, John Hancock Investments, MFS Investment Management, MassMutual Retirement Services, Principal Financial Group and Transamerica Retirement Solutions.
It found that more than four in five plans that partner with an advisor dedicated to retirement plans saw employee contribution rates rise in the last two years.
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