Do your participants make thoughtful retirement savings decisions, or do they make selections on the fly?

While saving for retirement is a long, multi-faceted journey, it’s rarely revisited after the enrollment stage. As an example, let’s say you have an employee who automatically enrolled 4 years ago, spending less than 5 minutes in the process. She never returns to the participant website to reconsider her decision, despite major life changes including getting married and getting a promotion.

Coming soon, the myOrangeMoney® online educational interactive loan tool experience allows plan sponsors and participants to simulate the impacts of taking a retirement loan.

Employer-sponsored retirement plans have evolved. They’re no longer just a way to save money until an employee hits a fixed retirement date. Today, plans are part of a holistic financial wellness strategy that helps employees find a healthy balance between living well today while preparing for a more financially secure life after work.