Developed to address companies' challenges of educating and motivating employees to take important steps for a secure retirement, the new solution is part of a broad, long-term initiative between the organizations. The fully-integrated Internet service provided by Hewitt and 401k Forum offers an online retirement report card, which is accessible to Hewitt's clients and their employees through the firm's proprietary Total Benefit Administration Internet and outsourcing services.
Employees gain entry to their retirement benefit information and the report card via the Internet.
This solution provides employees with what has been lacking in the industry - direct access to a personalized assessment of an employee's complete retirement picture. We seamlessly link objective investment advice and immediate action, eliminating the hurdles employees typically face when making investment decisions. Hewitt, the largest provider of defined contribution services for large employers, administers programs to more than 4.2 million employees and first joined with 401k Forum in 1998 to provide objective, high-quality and affordable investment advice to its clients' employees. Our revolutionary solution helps employees understand how well they are saving for retirement. It's an affordable and effective way for employers to help their employees prepare for a secure financial future.