RetireReady Tracker

 

Are Your Clients’ Employees On Track For Retirement?

With The Standard’s RetireReady Tracker report, you can give your clients a tangible measure of their employees’ retirement readiness. The tool calculates employees’ average retirement income replacement, making it a key indicator of how well they’re saving for retirement.

How It Works

  • Retire Ready Tracker uses a plan's actual census data to generate a score that estimates the average percent of income employees are on track to replace in retirement.1
  • The report compares the plan’s score against the industry’s recommended income replacement ratio of 75 percent and places employees in one of three categories: Warning, Caution and On Track. 
  • Results are broken down by employees’ ages and compensation levels, and are tracked over time. 

Benefits

Your clients can use the Retire Ready Tracker report to:

  • Gain visibility into the financial health of their workforce 
  • Identify employee groups that require the most assistance 
  • Partner with you and The Standard to improve the effectiveness of the plan 
  • Evaluate changes in retirement readiness over time 
  • Ensure the plan remains a highly valued benefit among employees 

Learn More

For more information, download the flyer or ask your local retirement plan consultant about RetireReady Tracker today.

Download the flyer (PDF; 493 KB) >

 

1 An employee’s actual replacement ratio will depend on his or her personal situation and current income.