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Insights

Harnessing the Power of Retirement Readiness to Enhance Plan Success and Improve Outcomes

Posted by GuidedChoice on Sep 12, 2018 10:29:14 AM

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Historically, retirement plan sponsors, advisors and recordkeepers have assessed plan health based on fundamental metrics such as participation and deferral rates. While these are significant on their own merits, they don’t reveal anything about “retirement readiness” — that is, how financially prepared an organization’s workforce is for retirement. After all, the key purpose of a workplace retirement plan is to provide employees an opportunity to set aside a portion of their earnings to build financial security for their so-called “golden years.” 

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Topics: Business Insights, financial wellness, retirement readiness, plan metrics, participant readiness, retirement plan health metrics, plan analytics dashboard, DC plan analytics, 401(k) health analytics, plan analytics, plan health metrics

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