When your primary goals are managing costs and increasing revenue, how do you sufficiently entice new recruits and reward current staff members for continually putting their best efforts forward?...
Continue readingRetirement Advisor Council Plan Sponsors Series Conclusion
Plan sponsors who retain the services of a Professional Retirement Plan Advisor entirely dedicated to the business reap tremendous benefits from the partnership. Most salient is the enhanced participant retirement and readiness that stems from repeated measurements, participate reporting, plan design changes, participant guidance, and advice. Specialized Advisors apply a wealth of insight and experience to create an environment conductive to participation and contribution levels that lead to retirement success. – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Plan Study Sponsors: Fidelity Investments Franklin Templeton Investments MFS Funds Mass Mutual Financial Group Principal Financial Group John Hancock Investments TransAmerica Retirement Solutions Source : Retirement Advisor Council ...
Continue readingUsing A Specialist Advisor Benefits Plan Sponsors in Many Ways
Enhanced participant retirement readiness is only one of many benefits plan sponsors gain from hiring a Professional Retirement Plan Advisor. Over 95% of plan sponsors who partner with an Advisor entirely dedicated to the retirement plans business report that partnering with a Professional Retirement Plan Advisor is either “very beneficial” or “a necessity.” Advisors who work exclusively with retirement plans surpass their counterparts in the percent of clients receiving core services* such as: Assisting with the implementation of the fiduciary process Reviewing investment options periodically Making plan design recommendations Meeting participants in groups to provide retirement plan education Supporting with service provider due diligence The majority of plan sponsors who retain a Professional Retirement Plan Advisor also rely on their Advisor to provide services such as: Meeting with employees one-on-one to provide retirement plan guidance Examining plan compliance with applicable laws, regulations, and stated polices...
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