The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc. provides financial recordkeeping and plan administrative services. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc., are subsidiaries of StanCorp Financial Group, Inc., and all are Oregon corporations.
How a Managed Account Can Raise Employee Confidence
September 28, 2020
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.
*Survey by The Standard of 850 U.S. employees whose employers offer a 401(k) or 403(b) retirement plan. February 2020.