Are you trying to find a better way to help employees save enough for retirement? Explore Mainspring, our managed portfolio service. It’s a personalized service that focuses on both investing and saving.
And we can deliver it at no additional cost to you or your participants.1
Making It Simple to Save and Invest
Take away the guesswork. A team of professionals manages investment and allocation decisions.
Overcome inertia. As the plan fiduciary, you can elect to automatically enroll employees in the service. We also recommend they adjust their contribution rates to help them meet their retirement goals.2
Stay focused on saving. We can help employees stay on track. Following a disciplined investment plan is critical, especially during situations like volatile markets.
higher adoption than industry average
*52.7% of employees chose to use Mainspring, compared to 39.7% industry average of those opting for advice services (PSCA 64th Annual Survey).
higher participation than non-Mainspring plans
*Participation rate in our DC full service 403(b) and 401(k) plans overall is 69.1% for Mainspring plans and 53.3% for non-Mainspring plans.
higher contributions than industry average
*8.79% average contribution rate for participants in plans that offer Mainspring. 7.4% average industry contribution rate (PSCA 64th Annual Survey).
more growth in contribution rates than non-Mainspring plans
*Mainspring plans growth in contribution rates from 2017 to 2020 was 42.1% compared to 11.3% for employees in non-Mainspring plans.
Mainspring Drives Retirement Readiness
With this service, employees get:
Mainspring looks at an employee's overall financial situation and provides ongoing account management. The service can include savings outside the retirement plan, and spouse or partner information. This ensures a full look at an employee's retirement readiness status.
With Mainspring, your employees have access to professional support by phone or email.
Mainspring gives employees quarterly statements that show progress toward their retirement goal.
Talk to your plan’s advisor to learn more about Mainspring.