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.
Helping your employees navigate their path ahead
In these challenging and uncertain times, it’s important to help your faculty and staff remain focused on retirement savings.
Read our latest infographic to learn about some of the biggest challenges higher education institutions are facing today and strategies to consider for your plan.
Strategies
Promoting a financially secure retirement for your employees
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 overcome challenges and meet your employees' need for reliable income in retirement.
Key issues impacting financial well-being in higher education
Our Insights Brief discusses strategies you can use to create an optimal plan for your faculty and staff.
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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.
Impact of COVID-19
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.
Current concerns
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.
Plan design resources
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 outcomes for your employees. 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 understand your options.
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