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Familiarity with 401k Investments

The majority of 401(k) plan participants expressed a lack of basic knowledge about the investments in their 401(k) plans. Specifically, more than six in ten (65%) indicated that they
do not know the names of all of the investments in which they have money saved through their plan. A sizeable portion of respondents also expressed uncertainty about the types
of investments in their plans. For example, when asked to indicate whether their investments include certain types of funds, more than one in four (27%) did not know whether
their plan includes a stock fund and approximately as many (29%) did not know whether their plan includes a bond fund.


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