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Plan Sponsor Retiremap Presentation - Generic
Plan Sponsor Retiremap Presentation - Generic
How the next generation of plan education software systematically measures, documents and improves participant behavior
Retiremap is next generation 401(k) plan education For a live demo, visit: www.RetiremapHQ.com/Demo
Average household retirement savings shortfall at retirement1: $250,000 Less than 10% of participants are contacted by an advisor with suggestions on how to close the retirement preparedness gap2
The impact of plan education on individual participant behavior is not being measured and therefore cannot be optimized Most plan education tools provide no role for advisors Education is delivered inefficiently with meetings and brochures
2. Ibid.
Measures, documents and improves plan outcomes with behavioral finance Is advisor-centric, giving advisors control of branding and participant data Engages with efficient push education using tablets, webinars and email activation links Is independent and vendor agnostic
69 employees completed the process 38 employees (55%) requested to increase their auto-deferral rate 5.1% of pay was the average requested increase, above what they are already deferring 5 out of 10 non-participants requested to save more
Engaged Participants Reduced Fiduciary Liability by Documenting the Delivery of Education to All Participants, as well as Verifiable 404(c) Disclosures Ability to Measure the Impact of Plan Education Delivery of a Unique Benefit for Participants
Optional
9 pages
Registration Email Sent To Participants Includes their username/ password, so that they can log in to their Dashboard at any time
Performance Report Document the positive impact advisors have on plan education
Advisor Management Interface (AMI) View participant data Edit 404(c) content Set assumptions
Contact
A holistic assessment based on goals, retirement vision and household profile Financial analysis, including retirement income need, monthly savings targets and buildup and drawdown of assets Custom educational content on a key financial goal Capital preservation strategies called Ways to Protect Yourself
Reduced fiduciary liability Retiremap provides a systematic process for measuring, documenting and improving plan outcomes. Additionally, the verifiable, automated 404(c) disclosure module was developed with the leading ERISA law firm of Reish & Reicher. More productive employees Research shows that employees who have reduced stress related to their personal finances are more productive. More loyal employees Retiremap provides a unique benefit, like a plan match, that will be hard for employees to find elsewhere. Additionally, Retiremap fulfills employee expectations that their employer will help them plan for a secure retirement.