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Tom Allen

Articles by Tom Allen

3-Steps To Increase 401k Plan Employee Engagement

22 days ago

PRINTER FRIENDLY VERSIONAs a business owner, there are 3-steps to increase 401k plan employee engagement.
I get it! The last thing that most employees want to do is talk about retirement. It seems so far into the future that it does not connect with their current priorities. It is also frustrating that you spend so much time managing something not taken advantage of by the people it means to serve.
Again…I get it!
Here are three simple steps to increase engagement amongst your staff:

Connect to Their Current Situation:
Retirement is such an exoteric concept, and most people underestimate what their needs will be in the future. $500,000 sounds like a lot of money. But what if I told you that a $500,000 account balance would safely support a $25,000 per year income replacement? Holy cow!

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Leveling Up: The 401k Plan Advisor In Today’s Market

May 20, 2021

PRINTER FRIENDLY VERSIONLeveling Up: The 401(k) Plan Advisor in Today’s Market – Part 1
Offering a company retirement plan to your employees is one of the most valuable tools for increasing employee productivity and loyalty. According to the most recent Retirement Confidence Survey published by the Employee Benefit Research Institute:
“61% of workers say that planning for retirement stresses them out.”
It is from this view that highlighting the overall benefit of offering a retirement plan in your company benefits package is a way to mitigate stress and increase the productivity related to your workforce.
Unfortunately, the 401(k) industry is notorious for being the black box of financial services. Whether it is opaque fees, misconceptions around fiduciary responsibility or the over

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