woman with hand up 59 percentof sponsors subscribe to the “hands-off” approach, lettingemployees make their own choices; 41 percent (more likely to beamong sponsors of larger plans) take a more proactive approach ingetting employees onto the right savings and investing path.(Photo: Shutterstock)

Plan sponsors may feel responsibility for helpingtheir employees achieve financial wellness, but the “hands-off”approach many take to defined contribution retirement plans is notnecessarily helpful in meeting their goals.

So finds a survey from J.P. Morgan, which also reportsthat despite the fact that 74 percent of plan sponsors indicatethat they feel a “very high” or “somewhat high” commitment toemployees' financial well-being—a percentage that has increased by25 percent since the first survey in 2013—their current actionsaren't achieving their desired objectives.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.