Financial advisors working on 401(k) advisors have happy clients, according to a new Fidelity survey.
Fidelity’s annual Plan Sponsor Attitudes Study, now in its 15th year, surveyed over 1,100 employers offering retirement plans. The survey found that not only do 90% of sponsors use an advisor for plan sponsor consultation and management, but 80% are satisfied with the plan achieving its goals, up from 74% in 2023.
81% of sponsors are highly satisfied with their advisors, up from 63% in 2019. Nearly 50% of surveyed sponsors report it is “very important” advisors guide HSAs—a 21% jump from 25% in 2023. 81% of plan sponsors said plan advisors should be allowed to work with employees outside their respective plans to support their broader financial planning needs.
