Do 401(k) Advisors Add Value?

While it is common for plan sponsors to hire 401(k) plan advisors to help provide guidance on a retirement plan, there has been limited research focusing on the impact advisors may have on plan-level metrics such as adoption of automatic enrollment, plan governance and more. In this white paper, we provide our holistic perspective on the potential benefits advisors bring to plans by comparing various 401(k) attributes.

In this paper, we explore:
  • How advised plans differ across a variety of domains
  • How the value of plan advisors may vary by plan size
  • Considerations for further research on this topic
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