Employers offer retirement benefit plans to their employees for a variety of reasons, but almost all of them point in one direction – as part of a competitive compensation package that helps to both attract talent and increase retention. However, if employees are not fully aware of the benefits that the plan offers or they do not understand how it works, then the value of this powerful HR tool can be lost.
By offering a solution from Proteus Advisory Services to plan members, sponsors can increase engagement in your valuable retirement benefit. An engaged employee is someone who truly understands the value of the plan and what it means to them. Engaged employees not only are more likely to have higher levels of retirement savings, if they understand their retirement planning, they can reduce their levels of financial stress and become more focused and productive in their jobs.