Delivering Meaningful Education

The 3 Most Common Retirement Questions from Employees Answered

At AFS 401(k), our advisors are constantly in contact with employees from all income levels, educational backgrounds, and industries and we see common themes when it comes to the types of questions they are asking us. Alex Assaley, our Managing Principal, spends most of his time with plan participants helping them navigate their retirement savings. “People need help with this stuff, delivered in a down-to-earth manner that can take them from point A to point B, and let them get on with their day," he says of people's common challenges when dealing with their retirement plan. While we hear a wide variety of questions and concerns from people on a daily basis, here are the three that we hear the most: 

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VIDEO: Are HSAs the Missing Piece to Your Employees' Benefits Package?

As more organizations begin to expand their employee benefits, are Health Savings Accounts, or HSAs, a good fit for your employees? An HSA is a savings vehicle designed to assist with out-of-pocket medical expenses, but it can double as another way for your employees to save for retirement. Currently, only those enrolled in a high-deductible health insurance plan are eligible to take advantage of an HSA. Employees can use the funds to pay for qualified medical expenses such as premium payments, deductibles, copays, and prescriptions.

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State of Emergency: Your Employees "Rainy Day" Fund

As employee benefits professionals, much of your focus is probably towards ensuring employees are saving in the company-sponsored retirement plan. Participation rates, deferral amounts, and match formulas might fill your day-to-day thoughts on the financial standing of employees, and it's for good reason: An employer-sponsored retirement plan has steadfastly become the primary vehicle people in the United States use to save for their futures. 

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Implementing a Successful Financial Wellness Program [New Frontier of Wellness - Part 3]

While Financial Wellness seems to be one of the most popular trending topics among employee benefits and retirement plan professionals, how does this concept play into the big picture of overall "wellness"? In this New Frontier of Wellness series, AFS 401(k) Advisor, Alex Assaley uses his expertise and experience to explain how Financial Wellness programs are impacting people, why employers should consider them, and how to implement Financial Wellness for your own employees. 

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Prepping your Financial Wellness Program [New Frontier of Wellness - Part 2]

While Financial Wellness seems to be one of the most popular trending topics among employee benefits and retirement plan professionals, how does this concept play into the big picture of overall "wellness"? In this New Frontier of Wellness series, AFS 401(k) Advisor, Alex Assaley uses his expertise and experience to explain how Financial Wellness programs are impacting people, why employers should consider them, and how to implement Financial Wellness for your own employees. 

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Why Should You Consider a Financial Wellness Program? [New Frontier of Wellness - Part I]

While Financial Wellness seems to be one of the most popular trending topics among employee benefits and retirement plan professionals, how does this concept play into the big picture of overall "wellness"? In this New Frontier of Wellness series, AFS 401(k) Advisor, Alex Assaley uses his expertise and experience to explain how Financial Wellness programs are impacting people, why employers should consider them, and how to implement Financial Wellness for your own employees. 

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How Do You Know When It's Time for a New Retirement Plan Advisor?

"I think my advisor does everything they're supposed to do."

"Performing an advisor search isn't worth the effort." 

"But... we've been doing business with them for years." 

As a benefits professional, the relationship you have with your retirement advisor is an important one. Their role is to help you navigate some of the most complicated aspects of your job. Listed above are some of the phrases we hear employers use to justify sticking it out with their current advisor, even if the relationship isn’t working. I'm not saying that relationships aren't important in business, but it's not always equitable with getting the best service possible and doing what's right for your organization. What about your employees?

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