National Retirement Security Week is October 21 through 27, and Mutual of America and TIAA have announced resources for plan sponsors to educate employees.
During and beyond the week, Mutual of America will conduct on-site group presentations for clients and their employees, highlighting the advantages of tax-deferred savings; importance of contributing and increasing contributions; value of employer-matched contributions; and convenience of saving through payroll deduction.
In addition, the company is highlighting a variety of resources and tools through its Facebook, LinkedIn and Twitter pages, and at mutualofamerica.com, to help individuals prepare for financial health and security during retirement.
“The concept of retirement readiness is thrown around a lot these days, but actually taking action so you’re ready to retire is critical,” says William Rose, Mutual of America senior executive vice president and chief marketing officer. “To help our customers get there, our social media channels and website will offer valuable tools and resources—including retirement calculators and informative articles that give practical tips.”
TIAA is helping its plan sponsor clients create their own National Retirement Security Week campaigns with ready-to-use content found at https://www.tiaa.org/public/land/psnrsw2018, which features daily emails, newsletter articles and social media content.
In addition, during the week, TIAA will direct plan participants to tools such as:
- Retirement Check Up: Helps participants assess their retirement readiness;
- Peer Comparison Mini-mission: Compares participants’ savings levels to that of their peers; and
- Lifetime Income Calculator: Calculates how much monthly income participants could have in retirement.
TIAA also has a full roster of live webinars with topics ranging from managing debt and income to social security basics to the new tax reform.
The National Association of Government Defined Contribution Administrators (NAGDCA) previously announced the availability of free, ready-to-use communication materials for plan sponsors to use with their employees.