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How does my retirement plan provider rank on the trust scale? Being able to trust the company that is managing your plan is an integral part of saving.
Intuitively we know that Trust plays an important role in retirement savings. We now have data to measure and evaluate how well major service providers rate on this critically important issue.
In 2013, NARPP conducted a study with over 5,000 people saving for retirement to better understand the issue of trust. We asked people to rate their current plan provider on a variety of issues including trust.
The chart below shows the percentage of people who said they can trust their provider “Just About Always”.
About the study: The study was designed in collaboration with NARPP’s academic advisors and with Boston Research Technologies. The data were collected online, in a ten- minute survey. All profiled plan providers had a statistically valid sample. For those who did not, they were not included in the study. *
Icon works like a 401k plan but without the cost, complexity, and administrative burden. We’ve unified workplace savings, personal retirement, and portfolio management into a single solution.
Learn MoreEmployers pay a small one-time set up fee, and no ongoing plan administration fees.
It takes minutes to set up, no plan design required, no federal filing requirements.
Our portfolios are built with low-cost funds from leading asset managers. Icon acts as a fiduciary to our clients.