FINANCIAL
WELLNESS
FINANCIAL
WELLNESS
It is not a secret that many people feel the effects of financial stress and are unprepared for retirement. In fact, 81% of the workforce are not even sure how much they need to save to reach their retirement goals.[2]
One of our highest priorities is helping your employees understand that saving for retirement is not as complicated as they have come to believe. Once they know how simple it can be, they can take positive steps toward the future.
[2] Age Wave/Merrill Lynch, “Finances in Retirement: New Challenges, New Solutions,” 2017
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[3] PricewaterhouseCoopers LLP. “Employee Financial Wellness Survey” (2017): Pg. 8. PWC. April 2017.[4] Based on 2017, employer costs for employee compensation (ECEC) $36.93 per hour. Bureau of Labor Statistics. “Employer Costs for Employee Compensation- Sept. 2016.”
81%
Do not know how much they
need to save. [2]
46%
Spend 3+ hours per week
distracted by personal finances. [3]
$5,700
Paid annually for time spent dealing with financial distractions at work. [4]
UNDERSTANDING
SAVINGS GOALS
SET A COURSE
WRITE A GREAT RETIREMENT STORY
Business owners play an important role in helping their employees work toward independence; and you have the unique ability to impact their future. Every great story has high and low points, and as a Retirement Partners of Hawai`i client, we offer our comprehensive financial services to help you and your employees each step of the way.
We have a saying, “small decisions over time make a big impact.” This is especially true with your retirement plan. Plan level decisions, like matching employee contributions or increasing deferral rates by 1% each year, could affect your employee’s ability to retire.
As an employer, it is important to understand the hurdles your employees face and the goals they are most focused on. Whether they are buying a home or saving for retirement; we can suggest plan design features designed with a goal of maximizing their efforts and helping them reach toward their goals.
We are honored to partner with you and strive to be a part of the great retirement stories you and your employees will write!