Education Helps Employees Capitalize On Financial Plans
Many employers go to great lengths to design benefits packages that include retirement plans, only to have employees fail to take full advantage. Often there is a gap between employees knowing about these benefits and taking the actions necessary to capitalize on them.
A recent survey by AIG VALIC's Financial Planning & Education Center of one of the nation's largest employer organizations found that 80% of employees who were taught critical elements in financial planning took immediate action. Of these employees, 54% made changes to their investment allocations, 38% increased their current contributions to a retirement savings plan, 32% started saving for financial goals, and 31% took action related to insurance benefits and policies.
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