1st Thursday - WEBINAR:

UNDERSTANDING THE COMPLICATED ROLE OF YOUR RETIREMENT PLAN

The COVID-19 pandemic has brought to light the financial stress many working families are facing. While organizations may have differing perspectives on the role of the employer in assisting employees in attaining financial security, the data regarding the impact of financial stress on employee happiness and productivity is compelling.

Defined contribution plans are largely one-size fits all with everyone eligible to contribute and many eligible to receive employer funds as a condition of employment. However, what participants need from their workforce retirement plan differs significantly.

Roughly 57% of American households earn $75,000 or less. For many people, these plans provide the opportunity to accumulate savings, but may also serve as the portal to emergency savings as distributions under the CARES Act have revealed. 28% of American households earn between $75,000 and $150,000 annually. For these employees, effective defined contribution plans, in combination with Social Security may provide the opportunity for financial independence in retirement. For the 15% of American households earning more than $150,000 annually, defined contribution plans build wealth, but may also require significant funding to replace working income in retirement.

Innovative employers are evaluating their retirement benefits to ensure their retirement programs, financial wellness programs, and communication programs are integrated in such a way to improve the broad outcomes for all employees.

During this webinar, we explore:

· The link between financial security and retirement savings

· Options for employers looking to actively support employees in reducing financial stress

· How student loan debt impacts the decision candidates make about employment and employees make about saving and retention

· What employers can do to leverage their tools and resources to improve employee financial health

Presenter:  Erik Daley, CFA

Erik Daley is the managing principal for Multnomah Group. Erik regularly consults with clients on a variety of retirement plan related topics to help manage their fiduciary risks. He is also a frequent speaker on the topic of retirement plan issues at local, regional, and national conferences and industry events.

Location: Webinar

Cost: Free

Agenda
8:15 am - Webinar Line Open
8:30-10:00 am - Presentation