Dont look now but a state government near you, perhaps your own, may be thinking about getting into the retirement plan business, competing against you to offer plans to private-sector workers.
Retirement confidence is still down, however, confidence among workers who have taken basic steps to prepare is much higher. And thats where financial professionals can find the opportunity to help educate workers.
Small retirement plans are an underserved market that's big, and getting bigger, creating excellent opportunities for advisors who can effectively service them.
Plan sponsors without a formal process for investment due diligence can leave themselves open to fiduciary risks. Use these best practices to demonstrate your expertise.
Employers are beginning to see employee wellness as an investment in the financial condition of their business, with lower health risks and greater savings.