Employee Coaching, Advice, & Education

An effective employee communication program is critical to the success of any retirement plan. We understand that development needs vary greatly across industries and work with you to design and execute the most appropriate program for specific employee cultures. Consistent communication of the plan may increase employee understanding and participation while potentially raising the profile and appreciation of the benefit.

Communications Plan

We work with you to clarify service expectations and design a written service calendar. During the development stage we listen to your needs and values to define specific goals and success parameters. The result is a valuable tool that incorporates an understanding of behavioral finance, evaluates employee demographics and considers plan usage trends to uncover areas of improvement and establish a clear plan of action.

Coaching

There is usually no substitute for personalized, professional advice. Our staff of experienced Consultants is available for on-site group meetings and one-on-one financial counseling, which should help prompt employees to take action. The goal of our process is to empower employees by providing them with the confidence they need to take a more active role in their own financial future.

Increasing Participant Confidence & Reducing Anxiety

• Simplifying plan decisions
• Executing a strategy in a 1-on-1 meeting
• Establish a comfort level to ask personal questions
• Opportunity for investment advice
• Establishing a clear retirement goal
• Determine factors outside the plan impacting them financially
• Simplify the calculation of the savings rate
• Establishing appropriate participation rates
• Use plan design variables to impact success (auto enroll, auto deferral increase, matching, vesting)
• Measuring investment allocations & diversity
• Determine demographic groups by participant type (Do It For Me, Help Me Do It, I’ll Do It Myself)
• Automated investment allocation solutions (Target Date funds or Risk Based portfolios)