Retirement savers believe their 401(k)s are paramount to achieving a stable financial future.
But a lack of financial literacy undermines savers' ability to obtain a secure retirement.
Almost 60% of plan participants say they're overwhelmed by plan information and question their decisions when making allocation changes.
Professional guidance can help bridge the financial literacy gap and provide retirement savers with peace of mind.
84% of individuals who have an advisor feel highly confident about their financial future, with participants reporting fewer challenges with their 401(k) accounts.
Retirement savers value professional and personalized guidance.
74% of plan participants said they would like professional help with their account, with 77% saying they would pay for that expertise.
