Investments are just the beginning. The CoPilot retirement service monitors participant performance and alerts them to events that could potentially impact their years of retirement.
Why Education Matters:
Eight in ten adults agree they could benefit from answers to everyday financial questions from a professional*, and CoPilot provides participants the opportunity to speak with an eRIA investment representative to discuss retirement strategies and receive personalized education regarding their 401(k) account. It’s about helping participants reach their desired retirement outcomes.
401(k) plans are not one size fits all, which is why eRIA takes the time to reach out and alert participants when they see an opportunity or if someone makes an investment decision that could derail their retirement goals. When a participant has a question on their retirement progress, a real person will answer their call who can provide answers to questions they may have. The CoPilot retirement service doesn’t stop after you buy a plan, that’s when the service really starts!
Depending on the compensation determined between you and your client, one of the above lineups would be selected within the CoPilot retirement service.
*The 2017 Consumer Financial Literacy Survey, NFCC, 2017.