A growing number of employers are making investment advice available to plan participants, according to Hewitt's Trends and Experience in 401(k) Plans report.
Fifty percent of 401(k) plans offer investment advisory services to their plan participants, up from 40 percent in 2007.
Of those offering advice, 29 percent provide one-on-one counseling, up from 22 percent in 2007 and 19 percent in 2005.
Meanwhile, 34 percent offer seminars or workshops, compared with 20 percent in 2007 and 19 percent in 2005.
In addition, 58 percent of companies automatically enroll employees into their plans, 47 percent offer automatic rebalancing, and 44 percent allow for automatic contribution escalations, although these features are often only offered to new employees.
Finally, the survey found that 26 percent of 401(k) plans now offer self-directed brokerage windows, up from 18 percent in 2007.
Fifty percent of 401(k) plans offer investment advisory services to their plan participants, up from 40 percent in 2007.
Of those offering advice, 29 percent provide one-on-one counseling, up from 22 percent in 2007 and 19 percent in 2005.
Meanwhile, 34 percent offer seminars or workshops, compared with 20 percent in 2007 and 19 percent in 2005.
In addition, 58 percent of companies automatically enroll employees into their plans, 47 percent offer automatic rebalancing, and 44 percent allow for automatic contribution escalations, although these features are often only offered to new employees.
Finally, the survey found that 26 percent of 401(k) plans now offer self-directed brokerage windows, up from 18 percent in 2007.
