Employers need to think outside the box when it comes to tackling employee retirement saving. The three-legged stool of social security, pension and personal savings is going to be a thing of the past for most of today’s workforce. At an employer retirement symposium in Bethesda, Md., Wednesday hosted by AFS 401(k) Retirement Services, LLC, the group challenged the 50 or so employers in attendance to throw away their current plan and start fresh
“No one likes change,” said Daniel Haverkos, lead consultant for retirement plans at AFS. “But it will force you to reevaluate why you have a retirement plan,” and refocus around that. He said to start first with new plan design and provided three recommendations for innovating in this area:
