Retirement readiness works best as a collaborative experience, with participants and plan sponsors benefiting from knowledgeable partners who can provide and coordinate expertise in the forms of:
Solutions to support life’s transitions, at employer and legislative levels
Practical financial wellness guidance for sponsors and savers
Communications to educate and inspire individuals today in pursuit of their goals tomorrow
At State Street, our dedicated Participant Engagement team is positioned at the intersection of investment strategy, public policy and marketing execution, working directly with sponsors to develop effective participant outreach
strategies that drive action.
Meeting Participants (and Sponsors) at Every Stage
First job. Next job. New family and financial commitments. Retirement within reach.
Participants are balancing financial and personal transitions at every stage of life. Many look to their employers to help navigate through the complexity. However, employers have challenges of their own, from managing a workforce to coping with regulatory shifts to providing a DC plan that works for every employee.
At State Street, we’re here to support plan sponsors and empower participants by:
Seeing the Participant’s Perspective
Student Debt vs. Retirement Savings: How Employers Can Help
Are DIY Investors out of Their Depth?
Pushing for Policies That Work
Student Loans vs. Retirement Savings: IRS Rules
Support Employers Addressing the Contribution Clash
How MEPs Will Change Retirement
Fostering Financial Wellness
6 Steps to Bring Financial Wellness to the Workplace
Use this framework to help start financial wellness conversations in your organization.
Advances in retirement plan design and automation may have improved the system of saving, but they haven’t removed the strain.
Employees say issues with personal finances have been a distraction at work1
Employees find it difficult to meet household expenses on time each month2
American adults would not be able to cover a $400 emergency with cash, savings or a credit card that could be paid off quickly3
By committing to improve employees’ financial wellness, sponsors have the opportunity to see employees holistically, lessen participants’ anxiety and cultivate their happiness — gaining productivity in the process.4
Our financial wellness resources can support the launch or expansion of programs that strive to improve participants’ financial habits now and in retirement.
Improving Outcomes With Thoughtful Outreach
The power of a carefully designed plan can be diminished if there is no outreach campaign to highlight plan details and participant benefits.
Working from initial strategy to tactical execution, our dedicated Participant Engagement team offers plan communications and other resources to help ensure employees get the most out of their retirement plan by:
This information is for informational purposes only, not to be construed as investment advice or a recommendation or offer to buy or sell any security. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors. SSGA does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. Investing entails risks and there can be no assurance that SSGA will achieve profits or avoid incurring losses.
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