Why Educating Employees About Retirement Plans Is Critical
Encouraging retirement savings is a leader's responsibility.
Free Book Preview: Coach ’Em Way Up
Discover how to be an influential mentor through tips and advice based on the teachings of respected basketball coach John Wooden.
Scott Wylie
Chairman and CEO, First Western
1 min read
Opinions expressed by Entrepreneur contributors are their own.
When it comes to 401(k)s and retirement plans, it’s important to help your employees out as much as possible. Make sure they take the time to learn how the plans can have a positive and outsized impact on their lives down the road.
But, don’t make it too easy. Don’t just hand them brochures and paperwork and walk away.
Seminars and classes can be very helpful, but make sure they are relevant to younger workers in both content and delivery.
Think about how technology can help these employees learn how money grows. It will become one of the most important lessons they ever learn.
Related: Think You Can Just Sign up Your Company for a 401(k) and Forget About It? Think Again.
