Financial Literacy Education Has Failed but there is Hope: 401k Sales Champions. According to academic research in 2012, financial literacy education has changed behavior 0.1% of the time which is the indicator of success. But there is hope. Some plans are using sales champions as adults learn more from peers than experts.
Hear more about the educational challenges that 401k and 403b plan sponsors face when trying to educate their employees as well as simple, cost-efficient solutions.