Advantages of workplace plans for your employees:
incentivize employees to save and to help amplify their saving power.
offers employees assurance that they can access reputable investment funds to suit their needs.
provides the greatest advantage. Accessing lower investment management fees may seem like a small advantage. But the gains add up to real benefits over time.
Retirement ready at age 66 or
67% probability of not running out of money if retiring at age 65
Retirement ready at age 70 or
35% probability of not running out of money if retiring at age 65
Delay retirement readiness —
Retirees have to work 4 extra years.
Impact post-retirement income —
Retirees can run out of money 12 years earlier if retired at age 65.
Fees tend to be higher at that point, which can impact how long the savings will last.
If an employee retires at age 65, they are expected to run out of money 5 years earlier.
Sharpen your investment strategy
Support employee financial wellness
Smooth the transition to retirement