June 22, 2020
Defined contribution plans, more specifically, 401(k) plans, have become one of the primary savings options for Americans. The employers who sponsor these retirement plans are now trusted partners for employees. Such trust developed over many years as Plan Sponsors created valuable benefit programs by integrating health and wealth initiatives. With 76 million Baby Boomers approaching retirement or already retired, Sponsors migrating their plans from the single focus of a savings and wealth accumulation program to one that also provides tools and resources that assist employees in navigating the complexities of retirement is the natural progression of retirement plans.
Click below to read more on "The Retirement Tier" and how to decide if it's right for your organization.