If HR leaders were to ask employees if they are satisfied with their open enrollment decisions, many would likely hear that workers have regrets, according to a recent study.

In fact, 53% of U.S. employees eligible for workplace benefits through their employer say they regret the choices they made during open enrollment last year, according to a survey of more than 1,000 people by financial services company Equitable. Younger workers were the most likely to have open enrollment regrets, including 78% of Gen Z workers and 64% of millennials, says Stephanie Shields, head of employee benefits at Equitable.

The survey results don't bode well for HR and benefits leaders looking to use their benefits offerings to improve employees' financial wellbeing, health and wellness—as well as to retain top talent.