But the path toward solving the problem isn't well-defined. How can plan sponsors assist employees who are unsure about what the future holds? They can help participants reach their retirement goals by making sure their 401(k) plan features the right benefits. Plan sponsors have choices. We analyze three investment options and evaluate the merit of personalized portfolios to help answer the question: “What's the right choice to help my employees retire?”
How Can You Help Your Employees Retire?
Choosing the Right Investment Solution Can Make All the Difference
Throughout the past two decades, the retirement industry has started to move away from defined benefit plans to defined contribution plans, shifting the burden of retirement planning on to employees - a task that few are equipped to take on. Plan sponsors can benefit from implementing an option that's designed to help participants get on track for retirement. With the right solution, employees can work toward meeting their retirement goals, and plan sponsors can trust they've helped their participants.
We'll explain target-date funds, custom target-date solutions, and managed accounts to help you determine which option may be most appropriate for your plan and participants.
Still not sure which option is right for your participants? Morningstar can help.