A breakthrough in 401(k) planning and education.
Now small businesses can offer the same employee benefit that large companies can*: on-site financial education!
*Plus a few things they can't!
Can employers who offer financial literacy programs for their workers realize a 3:1 return on investment in increased enrollment and improved productivity? The non-profit Personal Finance Employee Education Foundation says Yes!
Please watch this video to learn more.
"Employers Profit When They Care About Financial Literacy." by Dr. Thomas Garman, Professor Emeritus, Virginia Tech University, a summary of his twenty years of research. For more detail, please download the free report "Improving Employee Personal Financial Wellness Increases Profitability"
Source: www.PersonalFinanceFoundation.org
Please note: the video and report were created before the current economic downturn and stock market collapse. It is likely, therefore, that the current conditions have increased the levels of employee financial stress, and therefore the impact on productivity.
| "I attended Richard's course and found it outstanding. People are handed 401K options with no education on how to evalute the investment options and create a balanced portfolio for themselves. Most people throw darts to pick their investment options and many never look at their 401K allocations again. This can result in little or no growth or even loss of original contributions. Saving for retirement is more important than ever. Richard's curriculm fills a serious financial education void and is strongly recommended for anyone in a 401K program." Barbara Atkinson, Founder, Arizona Cash Flow Club |
Live, in-person 401(k) and retirement enrollment meetings are the most effective way to increase plan participation, help employees understand and appreciate their benefits, make the appropriate investment decisions, increase contribution rates, improve employee satisfaction, reduce turnover, and reduce financial stress that negatively affects performance and productivity.
Created by a CERTIFIED FINANCIAL PLANNER™ professional, this on-site employee education participants to follow the five-stage process involved in retirement planning. Using systematic methods, and the help of world-class, free Internet based resources. We teach participants how to use effective and easy-to-use online tools, calculators and databases, from start to finish.Richard Victor, our lead educator, is a former stockbroker, author and public speaker, and a contract trainer for several leading financial firms, presenting their 401(k) enrollment meetings to the employees of their clients. Having represented five plan administrators and presenting their education programs, Richard quickly discovered that while enrollment meetings provided a good introduction, that they fell well short of meeting employees' needs.
| "I try to attend two seminars a month on the subject of investing and this seminar had by far the most practical information of any." Thomas DeAngelis, Scottsdale, AZ |
Go Beyond the One-Hour Enrollment Meetings.
"401k participant education must be active, complete, and individualized or it will be ineffective." - Russ McAlmond, President, Evergreen Capital Management, Inc.And yet the standard enrollment meeting offered by the plan administrator is passive, cursory and mass-produced. Any number of studies will tell you (and so will your employees) that one-hour meetings are not effective in delivering the lifelong skills needed for long term planning and investing. Our seminars go beyond financial education: we offer financial training. As such our programs are:
- Active - Participants are encouraged not to simply sit back and watch, but first to see what steps to take, pause the video, and take the same actions filling in their own personal details.
- Complete - This five-part program follows the same steps a professional financial planner would take if an employee came to his or her office. Retirement planning is a process, and we will guide participants along each step of the way, beginning to end.
- Individualized - Everyone's situation is unique. We teach participants how to apply financial planning principals to their own personal needs and goals. The online resources taught in this training program have been selected because they meet four criteria: they are free to use, they are easy to operate, they are adaptable to each individual, and they produce real results.
In other workds, skills meant to last a lifetime simply cannot be imparted in one hour, without ongoing support and training.
Bonus 401(k) Training Material for All Attendees
To ensure financial education is active, complete and individualized, all attendees receive a multimedia CD-ROM, with video tutorials giving precise instructions that can be viewed over and over, for self-paced learning. A $34.95 value!
Watch the movie above for a six-minute demo to illustrate how we teach employees to use the best websites for 401(k) planning.With help of the world's best online resources, your employees will learn to...
- Determine their exact retirement goal
- Get their estimated Social Security benefit
- Construct a portfolio to maximize return and minimize risk
- Objectively evaluate investment choices and let the cream rise to the top
- Determine the expected average return on their portfolio
- Calculate the expected future value of their 401(k) account and see if they are on target to reach their goals
The bottom line reasons why your organization should provide financial training at the workplace:
- Meet your fiduciary and ERISA 404(c) requirements, and reduce your liability. If it comes down to determining who is liable, the courts will ask "did the employer provide in some form employee financial education that had the high likelihood of connecting with people at different levels?". This course provides actionable steps that anyone can follow by watching the training videos and then duplicating the same steps.
- Prevent your plan from becoming "top heavy" and avoid IRS penatlies.
- Improve employee satisfaction, retain your top talent. Employees need to feel financially secure to feel satisfied with their current position. Financial security comes from more than salary, it comes from making sound decisions, reducing debt, building assets, and being on track for retirement.
- Financial stress carries over to the workplace. Personal financial worries can lead to time wasted at work on money problems, increased absenteeism, a higher turnover rate, higher health care demand, wage garnishments, even theft.
Satisfaction Guaranteed
Participant evaluation forms will determine if objectives were reached. If employees are not satisfied, you won't pay.This is the 401(k) education your employees have been waiting for. So Call Now 480-273-0034 to reserve the most complete and comprehensive financial training program available for your workplace, which includes a bonus CD-ROM for each participant, Or email me personally: richard@401kseminar.com. Financial Interactions LLC does not sell financial products or services other than education so there is never a conflict of interest. Seminars can be selected at a daily or per-participant basis. For pricing and details please call or email.
