We’re excited to announce our new financial and retirement wellness program for employers.
Our mission is simple…to empower your employees, and make preparing for retirement easier and living in retirement more prosperous. We want to take the work and worry off your employee’s plates with our Her Retirement approach to retirement planning, regardless of whether you’re employee is 35 or 65 and getting ready to retire.
Our workplace financial wellness solutions include onsite Lunch-n-Learns where we come into your facility and teach a number of no cost financial and retirement workshops. We then offer older attendees a complimentary “Am I Ready” Assessment to help them determine when they can retire and if they will have enough income to last throughout retirement. For younger employees, we offer a fee-based 401(k) assessment that helps them determine:
- Am I putting enough money away for retirement?
- Do I have the right investments in my plan?
- Do I have the proper allocations?
- What will be my best withdrawal strategy to minimize the effect of taxes?
In addition to this assessment, we offer a number of other assessments and full planning services. This is a great value added service to offer your workforce. Consider a few facts below and then contact us about bringing our program to your organization.
“More than 88 million employees are responsible for managing their own retirement assets. However, it’s estimated that these same employees lose $100 billion every year due to investment mistakes!”(1)
The Society for Human Resource Management (SHRM) noted in its 2016 Employee Benefits survey report that 61 percent of HR professionals polled last year described their employees’ financial health as no better than “fair,” and 17 percent reported their employees were “not at all financially literate.”
Other research highlights why these benefits are needed. PricewaterhouseCooper’s (PwC’s) 2016 Employee Financial Wellness Survey, with responses from 1,600 full-time employees, showed that:
- 52 percent of workers overall are stressed about their finances. And the younger the worker, the more likely he or she is to be worried: 64 percent of Millennials said they are stressed about their finances.
- 46 percent of workers spend three or more hours during the workweek dealing with or thinking about financial issues.
- 45 percent said their finance-related stress had increased over the last 12 months.
“The benefits to employers of addressing employee financial stress are significant. Financial wellness programs drive engagement, productivity and success, and they also engender increased loyalty and connection.”
1Help in Defined Contribution Plans – 2006 Through 2012, Financial Engines and Aon Hewitt, May 2014.