phrase retire in 5 years crossed out 90 percent of sponsors surveyed report at least some employees are delaying retirement. (Photo: Shutterstock)

Employers are utilizing retirement plan advisors at a record rate, according to Fidelity's 10th annual Plan Sponsor Attitudes study.

Of the more than 1,200 retirement plan sponsors surveyed, 93 percent are working with an advisor, up from 68 percent in 2010.

Two-thirds of employers say they are very satisfied with the service, up from just 19 percent in 2010.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.