Lip Service
The 401(k) is clearly a core component of a good benefits package – but it’s not so easy to tell if your plan is healthy. Take a look at these snapshot statistics and see how you compare.
~ 401(k) Stat #1: 84.9% Participation Rate
~ 401(k) Stat #2: 7.1% Average Deferral Rate
~ 401(k) Stat #3: 18% of Sponsors want to hire a new advisor.
Team Up with Centric
& Supercharge your 401(k) Plan.
& Supercharge your 401(k) Plan.
For sponsors looking for a new advisor, the National Association of Plan Advisors found three key reasons why sponsors are looking:
1) A need for a more knowledgeable advisor
2) Too many servicing issues with their recordkeeper
3) Not enough support for employee education.
As a sponsor, are you looking for more support in these three areas?
Finding the right advisor can greatly benefit you and your employees, and in many cases can reduce your plan costs.
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2020 has brought about many changes in how we operate and boost employee morale. See how corporations are handling this with the help of emerging retirement plan trends!
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