Many employees look forward to a well-earned retirement. Unfortunately, many are going to find they are not as financially prepared as they are physically and mentally prepared for the realities of retirement. It’s shocking when their employer paycheck stops. Now, each employee is on the hook to construct their own retirement paycheck. For the next 20, 25 or 30+ years. That is a tall order. Most people struggle with the intricacies of dealing with so many different types of accounts and investments. They don’t understand the complex rules for retirees. And they don’t know where to turn to get clear, concise, correct information. In short, employees need help from their trusted employer to build their retirement paycheck. How prepared are you to help answer employees’ questions such as: • How can employees stretch their savings long enough to pay for retirement? • When should employees start pensions, Social Security, and annuity payouts? • Why is Medicare so different from employer health insurance? Employees are raising their hands for help. Can you help more employees become more successful retirees? In this session, our guest speaker will cover 7 practical steps employers can take to help prepare employees at every age to construct a paycheck in retirement.

Health savings accounts offer an opportunity to meet employees’ health care coverage, financial wellness and retirement readiness needs. As employers are thinking about benefits changes for the next open enrollment, now is the time to consider the role HSAs can play in meeting plan sponsor and participant goals!

Target-date funds are the prevalent choice among qualified default investment alternatives, but the more flexible, custom target-date offerings account for less than one-quarter of those investments, with managed accounts even less utilized. This webinar will explore the desire for both retirement income and customization in default investments and whether that will lead to an evolution of target-date offerings or even a QDIA revolution altogether? Plan sponsors will hear from peers and industry experts about the options for getting participants the age-appropriate service and advice they need to optimize investment and drawdown outcomes.

This PLANSPONSOR Roadmap focuses on financial wellness. It will equip you with the insights needed to develop or update your financial wellness program for employees. You’ll hear from plan sponsors, advisers and providers about successful financial wellness strategies, and you’ll come away with resources and checklists to guide you on your own journey of implementing important benefits.

The IRS in 2023 provided plan sponsors a two-year extension on the requirement that any retirement plan catch-up contributions from higher-earning participants be made as after-tax contributions. How can plan sponsors best use that time?

While working, employees are rarely in-the-know about health insurance pricing and coverage. Those in high-deductible health plans get a better idea that healthcare isn’t free. Or only $25. But nothing prepares them for the extraordinary complexity of costs once they get to Medicare. Once they get over the shock Medicare is not free, employees find themselves caught up in a tornado of confusion. The question they ask over and over is, “I have to pay for that, too?” Having “Medicare” is not a complete package for healthcare coverage in retirement. There are more than 20 different costs individuals must solve on their own. Employees find this frustrating and are angry they had no idea: “Why hasn’t anyone talked to me about this mess?” Join us for a lively webinar jam-packed with information about what it really costs your employees when they go on Medicare. And, take away some ideas for how you might help them better prepare for the realities of healthcare costs in retirement. And avoid getting sold something that won’t work for them.

What does the wide-ranging retirement law mean for higher education, nonprofit, health care and government employers?

How do plan sponsors determine the right goals for their plan or define plan success? How does this inform what plan sponsors measure and how often? What tools are available to benchmark retirement plans? These questions and more will be answered in the final webinar in PLANSPONSOR’s Plan Progress series for 2023.