Retirement and Financial Wellbeing

The attached research paper, prepared by Alight, represents a very good comparison of how Plan Sponsors utilize Retirement Plan features and resources to assist employees in improving their financial wellbeing.

The paper indicates how the various areas have evolved over the years. This study solidifies the need for professional service providers, rather than robo service providers, to assist Plan Sponsors in developing participant financial well being programs.  Professional service providers, working with qualified Plan Sponsors, have so many tools and resources available to assist Plan Sponsors in reaching the goals and objectives relating to workplace financial wellbeing.  The end result will be a successful private retirement system inspiring participants to save for a dignified retirement.

By Jeff Atwell, AIF, C(k)P, CPFA , Principal, TRG Fiduciary Services, LLC