NU Online News Service, Jan. 26, 2004, 3:15 p.m. EST – Employers may not be getting much value from 401(k) plan financial counseling programs.[@@]
When researchers from Deloitte & Touche L.L.P., New York, obtained paper and Web survey responses from 690 plan sponsors, they found that only 38% of the sponsors offer individual financial counseling or investment advice programs to any plan participants, and only 36% offer individual advice programs to all plan participants.