NFP Data Reveals Retirement Readiness Gap Despite Trust in Employer Advisors
Event summary
- 89% of employees trust employer-provided financial advisors, yet 69% are unsure they can retire comfortably.
- 72% of workers are off track for retirement in 2026, up from 68% in 2025.
- Only 42% of employees are aware of available retirement resources, down from 55% last year.
- 62% find one-on-one meetings with financial professionals the most helpful resource.
The big picture
NFP's report highlights a critical disconnect between trust in employer-provided financial advisors and actual retirement readiness among workers. This trend underscores the broader challenge of financial literacy and engagement within employee benefits programs, particularly as rising costs and job security concerns strain retirement accounts. The findings suggest that employers must do more than offer resources; they need to actively encourage use through clearer guidance and personalized support.
What we're watching
- Engagement Barriers
- How employers can reduce friction in connecting employees with financial advisors to bridge the gap between interest and participation.
- Financial Literacy
- Whether increased awareness of non-401(k) retirement benefits can improve employee engagement and outcomes.
- Retirement Confidence
- The pace at which financial stress and rising costs will continue to impact retirement savings and planning.