Workers want those hard-to-find socially responsible investments in their 401(k) plans: Survey
Friday, April 12, 2019
By Lorie Konish
If you’re looking in your 401(k) plan for investments that back clean energy or gender and racial diversity, you may have a tough time finding them.
A recent survey from Natixis Investment Managers finds that many workers would be more likely to save for retirement if their employer-sponsored retirement plan offered socially conscious investments.
Of the 1,000 workers surveyed, 61% of employees said they would start saving or increase their investments if that also meant doing social good. Millennials, 66%, were even more likely to agree with that statement.
At the same time, just 13% of workers surveyed said they have access to environmental, social and governance — or ESG — investments in their workplace retirement plan.
Photo courtesy of Images Money.