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Financial Planning as a Benefit

dwmsdwms 11 Posts
in Benefits & Leave Vote Up0Vote Down
We are toying with the idea of offering some financial planning benefits to management staff as a retention tool. Is anyone doing it? What's offered/cost? Have you seen any positive impact?

Thanks.
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  • Don DDon D 9,834 Posts
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    Typically, the broker agency that locates/recommends 401K administrative companies for you is also the company that comes in quarterly or semi-annually and gives updates and individual financial counseling. This really just amounts to your management staff attempting to get the company sugar-tit to pay for their investment advice. It's certainly cheaper than them having to pay for it themselves. But, it should be made available to all plan participants, not just management. Put this idea over in the column headed 'morale busters'.
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