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How a Managed Account Can Raise Employee Confidence

Only 42% of employees are confident in their current level of retirement preparation.*

This stat came from a survey in February, before the pandemic caused turmoil in the economy. Chances are good that even more employees are now feeling this lack of confidence about making retirement plan decisions.

How can you help? Talk to your clients about retirement plans that include a managed account service. A service can offer these features to help employees plan and save:

  • Regular reviews of their progress, which helps them stay on track
  • Automatic contribution increases, so they can set it and forget it
  • Access to guidance from licensed professionals to make them more comfortable about their decisions

Managed accounts are a way for you to support your clients and address their employees’ challenges — without adding to your workload. To find the right provider for your clients, be sure to see important questions to ask in Take a New Look at a Managed Way to Boost Retirement Readiness.


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More About Retirement Readiness

Saving for retirement is the top financial concern for 70 percent of employees, according to a study by The Standard. But only 33 percent are confident about their level of retirement readiness.
The Standard’s research shows that only 33 percent of employees are confident about their level of retirement readiness. Adding automatic features to your retirement plan can help improve retirement outcomes.
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