Financial Priorities and Advice
Our annual participant survey, Retirement Savings and Spending, examines the attitudes and behaviors of 401(k) plan participants to provide insights for plan sponsors and their advisors.
2017 Study: A Focus on Financial Priorities and Advice
Only 2 in 5 participants report a great deal of progress toward their top financial goal
67% say they rely somewhat or a great deal on their 401(k) plan provider for advice/support
Only 1 in 4 wants investment support
Article Infographic
From Conflicting Priorities to Wellness: Helping Participants Find Balance
Participants and Their Financial Priorities
Participants have a surprising number of financial objectives, but many report mixed results on their progress.
Saving for retirement is a major or minor objective for 94% of respondents:
- Only 40% report a great deal of progress
- 18% report not very much or no progress
View the findings below to find out why.
Participants and the Advice They Want
For participants interested in advice, the majority value progress tracking overinvestment support.
This study supplies data on why investment support was cited as important by fewer than one in four.
View the findings below to find out why.
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.