Do your employees understand howtheir retirement plan works?
For AGH, employee education on retirement programs is not just a one-time visit. Our educators schedule periodic on-site visits to meet with employees one-on-one or in group settings, based on employee needs. Educational materials can also be made available through webinars and downloadable information as needed to serve a workforce in multiple locations and time zones.
Organizations offering employee retirement plans
Organizations whose employees are not receiving timely and periodic opportunities to talk about their retirement plan investment options with a retirement plan representative, either face-to-face or in a group setting
Organizations who desire to clearly document their provision of quality employee education
Organizations with low participation rates and/or low contribution rates from employees
Help meet fiduciary responsibility requirements of providing employee education
Potentially increase employee contributions to the plan
Decrease HR time required to respond to retirement plan questions
Potentially reduce costs associated with providing employee retirement plans
Potentially reduce the amount of contributions refunded to top paid employees due to compliance test failures
Potentially increase employee satisfaction with retirement plans through better understanding of how to make investment decisions
Many, if not most, employees expect a retirement plan as part of a competitive benefits package. Despite that, few employees truly understand how their retirement plan works, how to make decisions about their investments, and why it is in their best interest to contribute to the plan. An employer who provides high-quality, ongoing and employee-focused retirement plan education can significantly decrease confusion about retirement plans and increase employee participation – saving time and money for the employer (plan sponsor).
AGH's employee education programs are customized for the employer's goals and can be designed around the employer's workforce characteristics, including employer locations, level of retirement plan participation and general workforce level of education, income and age. Employee education programs are developed to clearly outline the benefits of participation, make it convenient for employees to enroll, and help them understand how to consider their investment options. Employee investment advice is a fiduciary service and is provided by AGH's affiliate, AGH Wealth Management.
Senior Vice President
Employee Benefit Services
Brad Bechtel leads AGH’s employee benefit services (EBS) division, which serves clients nationwide. EBS is one of the region's largest providers of retirement plan recordkeeping services for daily valuation plans. The division provides consulting services to clients on employee benefit plans, including plan design, implementation, operation, fiduciary due diligence, compliance, and through affiliate AGH Wealth Management, discretionary and non-discretionary investment fiduciary services, investment advisory services and employee education.
Bechtel is experienced in executive compensation, including non-qualified, phantom stock, top hat and excess benefit plans, as well as other deferred compensation approaches. He has consulted for numerous Fortune 500 corporations on investment management and fiduciary due diligence. He also provides search and selection due diligence consulting services for companies seeking new investment and recordkeeping providers for their qualified plans. Bechtel is a registered investment advisor who holds Series 7, 24 and 66 FINRA registrations, and he is a member of the American Society of Pension Professionals & Actuaries.