The Simplify Retirement program is based on a simple and intuitive principle – everyone benefits when employees get personalized advice and recommendations.
If employees get personalized help with their 401(k) or 403(b) plan, they will be more likely to achieve their goals and be less stressed. By getting more help to employees and participants, Retirement Committees will deliver better outcomes which, in turn, enhances their fiduciary process and reduces their fiduciary risk. Advisors, who work hard to design these plans, will add more value because their recommendations will be utilized.
Employees and participants are overwhelmed by the complicated information they receive on their retirement plans. The result too often is poor decision-making or no decision at all, inertia.
Simplify Retirement’s innovative strategy, uses analytics and technology, to deliver personalized communications and education, and helps employees take full advantage of their plan and the services offered by their recordkeeper and advisor.
The Simplify Retirement program is designed to seamlessly integrate to the Retirement Committee’s existing process and their recordkeeper’s communications. The first step is to work with the Retirement Committee and their advisor to take inventory of the resources that are available to employees and evaluate what’s working and what’s not.
