employee retirement education focus: surveying the landscape · americans’ average retirement...
TRANSCRIPT
Current trends
What’s not working and why?
The latest ERISA liability concerns …and how they affect you
Steps employers can take to generate sustainable results
EMPLOYEE RETIREMENT EDUCATION FOCUS: SURVEYING THE LANDSCAPE
EMPLOYEE RETIREMENT EDUCATION FOCUS: SURVEYING THE LANDSCAPE
Bob West – Partner, Haynes Benefits
Trisha Brambley – Partner, Retirement Playbook, Inc.
Skip Massingill – Senior Vice President, Robert W. Baird & Co
Alice Whinnery – CEO, LFE Institute
Our Guest PanelistsOur Guest Panelists
Maximize Profits – Minimize LiabilitiesMaximize Profits – Minimize Liabilities
Americans’ average retirement savings is only $74,000 - Fidelity
65% Baby Boomers (earning under $50,000) don’t have for retirement – LifeGoesStrong
Retirement financial gap is $6.6 trillion – US Senate
Home values are at 2003 levels – S&P/Case-Shiller Home Price Index
Gas prices are $1.00 more a gallon that this time last year - AAA
More than 66% saw their net worth drop during the recession – Federal Reserve
Average cost for breach of fiduciary claims is $994,000 – Financial Advisor Magazine
Current Economic TrendsCurrent Economic Trends
Why don’t employees save more?
Why the “new” corporate emphasis on Financial Wellness?
Why aren’t current methods generating results?
What strategies are leaving employers vulnerable to liabilities?
What’s Not Working & Why?What’s Not Working & Why?
What are ERISA’s fiduciary employee education standards?
Who is considered a fiduciary … & why should you care?
What’s happening with claim awards?
ERISA’s 404(c) fiduciary safe harbor – how can this help you?
How to protect yourself
The Latest ERISA Liability Concerns …& How They Affect You
The Latest ERISA Liability Concerns …& How They Affect You
Eliminate retirement mythsUse methodologies that workDesign a plan for better outcomesCreate & measure sustainable results
Steps to Generate Sustainable ResultsSteps to Generate Sustainable Results
For employees?
For fiduciaries personally?
For employers?
What’s the next step?
What’s the Bottom Line?What’s the Bottom Line?
Questions?Questions?
Thanks to Our Panel of Experts!Thanks to Our Panel of Experts!