Education Helps Employees Capitalize On Financial Plans

Many employers go to great lengths to design benefits packagesthat include retirement plans, only to have employees fail to takefull advantage. Often there is a gap between employees knowingabout these benefits and taking the actions necessary to capitalizeon them.

A recent survey by AIG VALIC's Financial Planning &Education Center of one of the nation's largest employerorganizations found that 80% of employees who were taught criticalelements in financial planning took immediate action. Of theseemployees, 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 relatedto insurance benefits and policies.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.