The Hartford Financial Services Group has launched a new educational program to encourage participation in 401(k)s and other defined contribution plans.
To fit different learning styles, ages and participation rates, the program has a wide range of tools, as well as a personalized salary deferral illustration tool. It also includes a risk tolerance questionnaire, asset allocation overview and calculators. It includes print, online and in-person information available from The Hartford’s 70 retirement education consultants who conduct seminars at companies, government offices and schools around the country.
The Hartford is released the information Monday as part of National Save for Retirement Week, making it available to the 1.5 million participants it serves through 32,000 401(k), 403(b) and 457 plans with a total of $43.8 billion in assets under management.
“The Hartford research shows that 79.3% of people are less than confidet that all of their sources for retirement income will be adequate to maintain their standard of living in retirement,” said Dana McCullough, assistant vice president of marketing for The Hartford’s retirement plans group.
“We believe that success hinges in large part on defining your goals, implementing a plan to meet them and periodically revisiting and tweaking the plan based on new information,” McCullough added. “This philosophy applies both to employees and their employers who offer a retirement plan.”