A majority of workers in employer-sponsored retirement plans want help from their employers in planning for a secure retirement, with 89% saying they need help allocating their investments, according to a survey by the ING Retirement Research Institute.
Some 86% of the respondents want guidance calculating their financial needs in retirement and 84% want solutions for calculating and creating retirement income.
Some 52% said they expect their employer to do more to educate them about retirement options, and 55% said they do not know how to achieve their retirement goals.
“As a whole, consumers highly value choice, yet too much can be overwhelming,” Lynne Ford, CEO of ING Individual Retirement, said in a news release on the survey results.
“Consumers also value the control to make their own retirement-planning decisions, but want detailed instructions on how to accomplish their financial objectives.”
Ms. Ford wasn't available for comment by press time.