We also asked some questions designed to examine understanding of plan fees and their impact on retirement investments.
Most report at least some understanding of their plan notices, but many lack basic knowledge about fees.
Another 12% understand them just a little or not at all.
Just 27% say that they understand the fees and know where to find information about them.
Fees can have a significant impact on account balances.
Updates about account balances and how much income to expect in retirement are deemed especially important.
Methodology
Interviews were conducted from March 1418, 2024 using the Foresight 50+ Omnibus.
Interviews were conducted online and via phone.
All data are weighted by age, sex, education, race/ethnicity, region, and AARP membership.
For more information, contact S. Kathi Brown in AARP Research atskbrown@aarp.org.
Media inquiries should be directed tomedia@aarp.org.
