Educating participants about the importance of remaining committed to retirement savings and of the value of consolidating accounts is a good place to start, experts say.
The majority prioritize effective risk management of their clients’ portfolios over generating the highest gains, Allianz found in a survey.
Products have not had strong traction in the retirement space, mainly because they don’t meet the needs or expectations of plan participants.
PGIM says evolving technology will enable plan sponsors and advisers to deliver on this promise.
Speakers at the virtual PLANSPONSOR 2021 HSA Conference touted the benefits of health savings accounts and explained what HSA rules plan sponsors should know.
Participants’ financial wellness and emergency preparedness have become more important in advisers’ service models, and some practices are even guiding clients on vaccines and reopening their businesses.
Since being named the 2018 PLANSPONSOR Mega Team Retirement Plan Adviser of the Year, the practice’s assets under advisement have doubled.
Lander says her practice, Renaissance Benefit Advisors Group, thoroughly enjoys its independence.
In the three years since winning the award, Kulick says his practice has deepened its client relationships while increasing capacity for business development.
Industry experts say delving into why a sponsor has a retirement plan can be very instructive for plan design and outcomes.