Retiretrac
What kind of advice/guidance does RetireTrac provide?
RetireTrac employs a simple, three-step process to show employees how to realize reasonable retirement objectives.
First, each employee will have a clear description of a retirement income goal and, if actively participating, an analysis of his/her current investment strategy. Next, the report provides alternative strategies designed to meet the goal along with specific investment advice/guidance that offers the greatest chance of achieving that goal while minimizing risk (i.e., volatility).
Finally, the report includes a comparison between the actual growth of their current strategy and the expected growth of their actual current allocation. A key benefit of our report is its illustration of account growth compared to quarterly benchmarks, which immediately validates the advice/guidance.
The report also provides instructions for implementing our advice/guidance, directing the participant or non-participant employee to the plan’s other service providers' toll free numbers and/or web sites, as appropriate to implement suggested changes. Our web site will include appropriate hyperlinks to these other service providers.
Participants
Sponsors
Advisors and Brokers
What kind of advice/guidance does RetireTrac provide?
RetireTrac employs a simple, three-step process to show employees how to realize reasonable retirement objectives.
First, each employee will have a clear description of a retirement income goal and, if actively participating, an analysis of his/her current investment strategy. Next, the report provides alternative strategies designed to meet the goal along with specific investment advice/guidance that offers the greatest chance of achieving that goal while minimizing risk (i.e., volatility).
Finally, the report includes a comparison between the actual growth of their current strategy and the expected growth of their actual current allocation. A key benefit of our report is its illustration of account growth compared to quarterly benchmarks, which immediately validates the advice/guidance.
The report also provides instructions for implementing our advice/guidance, directing the participant or non-participant employee to the plan’s other service providers' toll free numbers and/or web sites, as appropriate to implement suggested changes. Our web site will include appropriate hyperlinks to these other service providers.
Participants
- Incentive and understanding to take action
- Confidence in the planning process
- Account monitoring
- Success benchmarks for growth to their goal
- Two strategies to close funding gaps
- Personalized “Easy Enrollment” process
- Ability to customize their reports on the web
Sponsors
- Enhanced fiduciary monitoring of participant behavior
- Enhanced ERISA compliance
- Increased value of their employee benefit plan
Advisors and Brokers
- A competitive edge in the marketplace
- Increase assets under management
- Quantify participant success
- Keep competitors in check
- Gain access to a sophisticated participant communications system and retain their portfolio management role
401k Team
