Participants in defined contribution retirement plans want direction—and even prompts—from their employers when it comes to saving for retirement. That’s one of the findings from a survey by State Street Global Advisors, the asset management business of State Street Corp. 

“The ongoing volatility in the financial markets has increased anxiety among plan participants and a significant percentage want simplified and prescriptive guidance in order to make progress toward their retirement goals,” said Kristi Mitchem, senior managing director and head of Global Defined Contribution for State Street Global Advisors.

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