New research from Massachusetts Mutual Life Insurance Company (MassMutual) finds that Latino workers claim to be knowledgeable about their employer-provided benefits—yet they find it difficult to select their benefits. Additionally, learning more about their finances is perceived by Latinos to be too complicated, confusing, and time-intensive.\
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The 2015 MassMutual Employee Benefits Security Study was conducted by KRC Research via an online survey of 1,517 Americans, including 501 Latinos, who are full-time employees at companies that provide benefits programs.
Sixty one percent of surveyed Latino employees said they know a lot about their employer-sponsored benefits. A sizeable majority (80%) indicated they know how much they spend monthly on their benefits, but only about half responded that they know how much life insurance coverage their family needs, if they are on track to retire comfortably, and how much they should be spending on their benefits.