employee retirement education focus: surveying the landscape · americans’ average retirement...
TRANSCRIPT
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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
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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
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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
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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?
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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
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Eliminate retirement mythsUse methodologies that workDesign a plan for better outcomesCreate & measure sustainable results
Steps to Generate Sustainable ResultsSteps to Generate Sustainable Results
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For employees?
For fiduciaries personally?
For employers?
What’s the next step?
What’s the Bottom Line?What’s the Bottom Line?
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Questions?Questions?
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Thanks to Our Panel of Experts!Thanks to Our Panel of Experts!