ADMIN Partners is committed to creating educational opportunities for both our existing and potential clients. We understand that by educating our clients, we create a stronger relationship with them and they in turn, are more successful at maintaining their retirement plan. The benefits of having an informed Plan Sponsor is extraordinary when it comes to effective plan management. This is why ADMIN Partners decided to create a three-part series outlining why all plan sponsors should be informed. Today we take on part one of the series which reminds us that retirement plans are actually benefits for employees, much like health insurance and PTO.
It is often forgotten that the retirement plan offered by an organization is a benefit for the employees that work there. In fact, people are starting to care just as much about retirement plan benefits as they are health insurance benefits when considering an employer. This is especially the case in smaller-scaled organizations like non-profits or budget conscious markets like public education.
With this new outlook, it is more important than ever for Plan Sponsors to pay closer attention to their retirement plan and the benefits the plan provides for each of their employees. Financial security for workers is becoming a top priority and retirement planning is happening with even the youngest of employees. Understanding your plan options and what benefits the plan offers are key when speaking to your staff.
Do you have more questions about how you can better manage your retirement plan? Feel free to reach out to us anytime by calling us (toll free) at 8 7 7 – 4 8 4 – 4 4 0 0 or via email at [email protected].