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Survey of Plan Sponsors Provides Insights for Plan Advisors
Fidelity Investments
Aug. 17, 2016
"Plan sponsors that proactively manage plans will change advisors if their needs are not being met. The No. 1 reason for plan sponsors to make a change is the need for a more knowledgeable advisor.... The top three reasons plan sponsors began using an advisor: [1] Concerned about fiduciary duties: 38%. [2] Needed help with plan investments: 32%. [3] Needed a better understanding of how well the plan is working for participants: 20%."
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