Latest Posts

Jump into Financial Wellness in 2020 with Thoughtful Advisors

December 16, 2019

There is a great article on 401kspecialistmag.com that is a summary of a lengthy white paper about improving 401k participant outcomes.  As a thoughtful gesture, I’ve composed this summary of the three primary areas for action steps to improve financial wellness in your workplace in 2020.

  1. Financial wellbeing

Identify the areas where employee financial stresses are occurring.  Consider providing employees decision support tools or financial coaching.  Employees favor in-person advice and guidance over webinars or handouts.

  1. Investment trends

Improve the quality of investments, asset allocation and reduce employee plan expenses to improve long term results.  This includes delegating investment decisions to experts who are fiduciaries and willing to do the work to help participants.

  1. Plan compliance

Create an on-going process to benchmark for fee, fiduciary and service levels provided.  Understanding what is available from providers and how it relates to what is currently in place is a best practice to adopt.

If you’d like to read the online summary, this is the link https://401kspecialistmag.com/action-steps-to-help-401k-participants-thrive-in-2020/.

Happy Holidays!!!

 

Categorized in:

This post was written by Elevate, Inc.

Comments are closed here.

Get Connected

Join our networks and stay in touch!

Read Our Testimonials

Hear what our customers have to say

“Elevate, Inc. is consistently delivering new strategies for personal and professional growth and has a management team that is more plugged into the community than none I have ever seen. Aakash Patel is the guy to know if you want to speak with that government leader, that radio show, that newspaper—he’s the one!”

‘H’John Mejia - Host - InTheZoneTV

"Bravo to the team at Elevate, Inc. who are consistently proactive in providing connections for the betterment of our business.  Well known and respected in the industry, Elevate has been instrumental in creating new connections with the media and with industry leaders.”

Jason Ashton - CallPass Tech/CallPass M2M Solutions Inc

“Aakash Patel is one of the most talented, thoughtful, and thorough professionals I’ve ever worked with. Intensity and passion for creating useful, stable solutions is unmatched. Every project shines brighter when Aakash Patel is involved.”

Niki Patel, Owner - Ikin Development, Inc

"The team at Elevate, Inc. is excellent at making sustainable, long-term relationships. Through Elevate, I have been connected to incredible business leaders as well as innovators that have assisted in the growth and development of Carmel Kitchen."

Alex Sullivan, Partner - Carmel Kitchen