Survey: Only 1 in 7 Employees on Track to Retire with 80% of Income

• Employees are becoming more proactive about their finances in general and retirement planning in particular. Adjusted for seasonal tax questions, 73% of employee financial questions were proactive, focused on taking control of finances to increase success, versus reactive, focused on addressing a pressing financial problem.

This is an improvement from Q1 2011 when 67% of employee financial questions were proactive in nature.

• Investing confidence has not improved, despite recent stock market gains. Only 33% of employees are confident their investments are allocated appropriately in Q1 2012—down from 34% in Q1 2011.

Liz Davidson, CEO and Founder of Financial Finesse, says that although employees are far from where they need to be, they are showing positive growth by realizing they are behind as they continue to put strong emphasis on proactive financial issues. Davidson adds that she is concerned, however, by a slight drop in financial wellness scores reported in Q1 2012 vs. Q1 2011. She also worries that a continuing slide continues could impact the trend towards more proactive financial planning.