Thirty-seven percent of plan sponsors are unaware they are fiduciaries to their workplace-sponsored retirement plans, according to research by AllianceBernstein L.P., but 82% of those surveyed said fiduciary matters are important or very important to them.
The survey found that employers that include target-date funds in their retirement plan line-ups are more likely to be aware of their fiduciary role. Eighty-seven percent of those employers said that fiduciary concerns were important or very important to them, compared to 77% who said they plan to offer TDFs and 79% for those who dont plan to offer them.
