Elevating Retirement Planning | The Client Gifts That Matter Most

As the year draws to a close, our minds turn to the tangible tokens of appreciation we often give our clients. But once the fruitcake is long gone and the holiday festivities fade into memory, the enduring needs of retirement plan clients remain. And that’s when an advisor’s true value really comes to the fore. Because it’s the ongoing, intangible gifts of exceptional service that resonate throughout the year and help lay the foundation for long-lasting partnerships — and more successful retirement plan outcomes.

Customized Advisory Solutions

Every plan sponsor has unique aspirations and challenges. Providing a menu of custom advisory services that caters to the individual needs of each client is one of the most impactful things you can do for them. Whether it’s offering fiduciary advice, crafting bespoke participant education or developing a customized plan design, demonstrating your dedication and single-minded focus on their unique, individual needs makes all the difference.

Streamlined, Insightful Communications

Ensuring that plan sponsors are well-informed without overwhelming them with industry jargon is an art. By offering clear, regular updates on market trends, regulatory shifts and potential impacts on their plans, you can help ensure sponsors are never in the dark. This transparency, paired with consistent availability for any inquiries they might have, positions you as a trusted resource for their organization. 

Proactive Fiduciary Support

Navigating the maze of fiduciary duties can be a daunting task for plan sponsors. By providing expert assistance in understanding and managing these critical responsibilities, you can help them sidestep potential litigation and costly penalties. Conducting risk assessments and proposing mitigation strategies is the gift they may not even realize how much they want or need. 

Regular Benchmarking and Fee Transparency

By conducting regular, easy-to-comprehend fee benchmarking, advisors can help enhance plan performance. Frequent fee analysis and reviews help maintain transparency and competitiveness, offering clients the reassurance that their interests are being vigilantly monitored. PlanFees makes this easy with a quick, two-minute benchmark that you can perform annually — or whenever you deem necessary.

Financial Wellness Programming

Financial wellness is more than just an industry buzzword; it’s an integral part of a comprehensive and holistic retirement plan benefit. Tailored financial wellness programming can empower employees with the knowledge and tools they need to make more informed decisions about their financial futures, which in turn can enhance overall plan performance and deliver a myriad of other benefits to employers, such as increased employee productivity and morale, reduced health care costs — and decreased absenteeism.

Insights Into Retirement Plan Trends and Regulations

The retirement planning landscape is continually evolving with new investment options, regulations and other changes emerging on a regular basis. Providing insights into these areas can help plan sponsors stay ahead of the curve and offer a retirement benefit that helps attract and retain top talent.

Fostering Employee Engagement and Participation

The best-laid retirement plans can only be effective if employees are actively engaged. Consulting on strategies to boost participation can lead to a more committed and financially secure workforce. This involves not just understanding the demographics and motivations of the employees, but also creating communication strategies that resonate and motivate.

Real-time Solutions With Instant Price Quotes

The dynamic nature of business means that a plan’s needs can change in the blink of an eye. RFP Express provides advisors the ability to obtain up-to-the-minute pricing, ensuring that they can offer responsive, high-caliber service that outpaces standard industry benchmarks. Get instant quotes from top providers you know and trust with RFP Express.

The best client gifts are the ones that can’t be wrapped. PlanFees can help you give clients what truly matters most.