How to Become a 401k Superhero to Your Employees

Are you having challenges in recruiting, retaining and engaging your employees? What if your 401k or 403b plan could be a way to help you with that challenge?

Today I want to talk about what it means to become a 401k superhero to your employees.

But first, let me ask you a question.

The real question is, how can you as a company that sponsors a 401k or 403b plan, turn your plan from a liability into an asset that gives you an advantage in the marketplace, and become a 401k superhero to your employees?

That is the question, and these videos will give you the answers. I’m Jonathon Schultheiss and welcome to the Ultimate 401k Advantage videos.

What does it mean to become a 401k superhero to your employees? Becoming a 401k superhero to your employees means doing things that could help your participants increase their 401k account balances, and helping them with overall financial wellness.

A recent study done by Franklin Templeton found that 80% of American workers feel that their finances are a part of their overall wellbeing.

Plus studies done by SHRM show that financial stress is costing employers millions of dollars a year.

If you as an employer, could make small changes to your retirement program that help your employees save more for retirement, and feel more financially confident, you can then become a 401k superhero to them.

Plus, if these studies are right, you could change the stress level of these employees and increase their productivity and engagement.

Here are three simple things you can do to help you in recruiting, retaining and engaging your employees.

1. Start a financial wellness program and educate your employees on their finances.

This could include providing financial advice from a fiduciary.

2. Encourage employees to save more in your retirement program.

3. Explore automatic features in your retirement plan, like auto enroll and auto increase.

Want to learn more about how to become a 401k superhero to your employees and the value of it?

Then get a free copy of my book, The Ulitmate 401k Advantage, The 5 Step Process to Becoming a 401k Superhero to Your Employees by clicking the link above.

Or schedule a time to talk with me about your 401k by clicking above or by going to www.becomeA401kSuperhero.com/schedule.