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View More Press Releases by Retirement Advisor Council

Press release:

Advisor Helps Thriving Technology Firm Improve Employee Retirement Outlook

Issued by: Retirement Advisor Council

Date: Sept. 15, 2016

East Granby, CT, September 15, 2016 – Today, the Retirement Advisor Council offered a case study illustrating the value comprehensive financial wellness program can bring to an employer-sponsored retirement plan.

Today, the Retirement Advisor Council offered a case studydemonstrating the value that a comprehensive financial wellness program can bring to an employer-sponsored retirement plan. Plan Sponsor Consultants headquartered in Atlanta, Georgia partnered with a local IT firm to improveoverall plan performance, including raising employee contributions and shining a spotlight on retirement readiness through education and outreach efforts.

The Information Technology firm, which is a thriving business with 11 regional offices, selected Mike Kane and his team at Plan Sponsor Consultants to examine their retirement plan and make suggestions for improvement. The solution provided services under the umbrella of “financial wellness” that the client and previous advisors hadn’t considered.

Case study posted HERE

“Employers underestimate the cost of financial stress on their employees. By establishing a complete financial wellness program—that goes beyond saving for retirement—we can help employees reduce financial stress and at the same time improve productivity for employers. We listen to our clients and look forward to customizing a plan design and working approach that benefits everyone, especially their plan participants. Once an employer can appreciate how far-reaching financial wellness truly is, we typically get great support from management and encouraging results from participants.” Kane said.  

Since they have been working with Plan Sponsor Consultants, the client firm has seen measurable improvements in plan participation and employee deferral rates.

The Retirement Advisor Council is a national organization that advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment managers and defined contribution plan service providers.  To advance its mission, the Council undertakes initiatives in the areas of research, public relations and promotion, general public education, regulatory positions and practice management.  

The Council accomplishes this mission by:

  • Identifying duties, responsibilities, and attributes of the Professional Retirement Plan Advisor.
  • Sharing professional standards with plan sponsors who are responsible for the success of their plans.
  • Providing collective thought capital to decision makers, product providers, legislators and the public.
  • Giving voice to the retirement plan advisor community.
  • Offering tools to evaluate advisors to ensure the quality of services provided.

View More Press Releases by Retirement Advisor Council

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