The majority of today’s workforce considers retirement plans a “must-have” benefit, which means offering attractive plans is a critical incentive for current and prospective employees. Consequently, employees are increasingly taking more control of their benefits plans and proactively seeking tools and technology to increase their benefits fluency. As employees seek to discover the best plan for their needs and find answers to any questions they have along the way, there is an opportunity for benefits brokers to bridge the knowledge gap to ensure employees are equipped with enough insight to make decisions that will affect their lifetime.
Here are five things employers should consider when tapping a broker to help employees navigate retirement plan selection:
