One-third of U.S. workers have little or no understanding of their employer-sponsored defined-contribution plan, according to survey results reported by The Hartford in September ‘09  Workforce MANAGEMENT. “Nearly three-quarters of workers say they have ‘less than a complete understanding’ of their employer’s retirement savings plan, … with most employees indicating that they have a better grasp of other benefits, such as health care coverage and life insurance”.  This is alarming!!!

How is this possible after years of participant education, and even though there is an investment advisor or plan consultant being paid on most plans?!