This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor's own objectives and circumstances.
The new realities of Higher Education
In these challenging and uncertain times, it's important to help your higher education clients navigate their path ahead as they look to adapt to a new normal.
Read our latest infographic to learn about some of the biggest challenges higher education institutions are facing today and strategies you should consider to help them assess their retirement program.
How can you help your clients promote a financially secure retirement for their faculty and staff?
The journey toward retirement is less certain and more complex than it used to be. With increased plan administration complexity coupled with an ever-changing workforce and pandemic implications that continue to unfold, it's important to understand the evolving landscape.
Helping to build a stable financial future for every employee
Explore more information that can help you and your clients overcome challenges and meet their employees' need for reliable income in retirement.
Key issues impacting financial well-being in higher education
Our Insights Brief discusses strategies you and your clients can use to create an optimal plan for their faculty and staff.
Our research addresses the evolving needs of the higher education workforce
Achieving financial wellness has proven challenging for many in higher education over the past year.
Since the onset of COVID-19, 22% of full-time staff have become less confident that they will have enough money to live comfortably throughout retirement
Higher education employees feel less confident in their overall financial well-being: 45% of staff are very or somewhat concerned about losing their job in the next two years.
More isn't always better
Given the complexity of the current environment, the need to evolve how retirement plans are administered and managed will be critical in order to help drive both plan and employee outcomes. Consider consolidating retirement plan administration to a single recordkeeper or multivendor coordinator.
These options can help simplify employee choices, increase efficiency and reduce administrative and plan costs. The following information was created to help you and your clients understand the options