More than a quarter of employers that sponsor defined contribution plans currently offer, intend to roll out or are considering adding socially conscious investment options to their plans, according to a social conscious investment fund group.
The US SIF Foundation has published that finding in a summary of results from a survey of 421 defined contribution plan sponsors.
About 60% of the participants were corporations offering, and 63% have 100 to 5,000 enrollees.
About 14% already offer one or more socially conscious options, and 13% intend to add a socially conscious option in the next 2 to 3 years, the foundation says.
About 84% of all the participants predicted demand for socially conscious fund options will increase or remain steady over the next 5 years.
But 58% of the participants said they have minimal or no understanding of socially conscious investment products and indices.
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