Employees want to make smart and informed financial decisions, they just do not know where to turn to for trusted quality advice. In a recent survey 60% of employees said they want help in achieving financial security from their employer.
Plan sponsors and trustees are under increasing pressure to stay compliant with ERISA. It seems like every week another large company’s 401(k) plan is being sued for not having “reasonable” fees and expenses. Your not the expert, transfer the risk to someone who is.
A more productive workforce is a more efficient workforce. In a recent survey 47% of employees said personal finances caused emotion stress and interfered with their ability to perform at work. Additionally, low costs within retirement plans benefit the company and all participating employees.