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Employee Education – Financial Wellness

Empowering your employees 

ACM relieves the stress and hassle of retirement plan transition and administration. We educate your employees on their plans, offering them insights into their financial wellness. We enable them to get the most out of their retirement plan.

Participant Education

Employees need and want information and guidance with their overall financial picture. As an employer, you have a fiduciary responsibility, as stated under the Department of Labor 404a-5 Regulations, to provide education.

An employee’s financial wellness extends to you.  Poor productivity, sick days, and increased health insurance claims are often attributed to employee financial stress, which impacts your bottom line. By offering high quality investment education to every one of your employees. Regardless of their financial situation, they will have the ability to make informed retirement investment and plan participation choices.

Our participant education program provides financial literacy delivered in everyday terms, devoid of investment and financial jargon or acronyms. Common topics include managing credit and spending in addition to investment goals and retirement needs. Bad financial choices and the resulting drain on the employee’s financial well-being are often a result of limited financial literacy.

Employees facing financial stress

Source: PWC 2018 Employee Financial Wellness Survey

Likely to tap retirement savings for life expenses

Source: PWC 2018 Employee Financial Wellness Survey

Contributing less than needed for successful retirement

Source: 2017 Lincoln Retirement Power® Participant Study

We help protect your company by offering education in the four safe harbor categories as described in the Department of Labor Interpretive Bulletin 96-1.

    • 1: Plan Information, such as guidance discussing the advantages of plan participation, the benefits of increasing plan contributions and other plan-related information.
    • 2: General Financial and Investment Information, which includes guidance helping participants estimate their future retirement income needs, determine their investment horizons and understand other related financial concepts.
    • 3: Asset Allocation Models in the form of model portfolios for hypothetical investors with different time horizons and risk profiles.
    • 4: Interactive Investment Materials, such as worksheets and software tools that help participants estimate their future retirement income needs and assess the impact of different asset allocations on retirement income.

Financial worries as top source of stress by generation

Baby Boomers 28%
Gen Xers 46%
Millenials 42%

Source: PWC 2018 Employee Financial Wellness Survey