Worksite Financial Solutions Creating ConfidenceAbout half of American workers are not ready for retirement, according to the most recent confidence survey published by the Employee Benefit Research Institute.1 Many employees say they are a little or a lot behind schedule in planning and saving for retirement. Confusion about retirement plans abounds, leading to decisional paralysis. Workers say they do not know how to save, and fail to see the importance of putting money in a retirement plan, or if they do, are not really sure how their money is invested. The explosion of online technology has put more information at employees’ fingertips, which has been empowering for some, but debilitating for the majority who have saved less than $25,000 for their retirement.1In 2012, 42% percent of adults gave themselves a grade of C, D or F on their knowledge of personal finance, marking a statistically significant change from 2010, when as many as two in three adults rated themselves an A or B.2 Delayed action may cost employees and employers, in terms of higher salaries (as companies accommodate an aging work force putting off retirement) and increased healthcare costs.With many American workers confused about how to achieve a secure retirement, it’s time for a comprehensive approach to retirement saving, investing and spending. Help your employees take control of their financial well-being with the five levels of Worksite Financial Solutions.Employee Engagement Solution When new employees bring their retirement accounts from past employers, the Employee Engagement Solution helps make it easy for them—and for you—to integrate their accounts into your plan. Employee Education SolutionFinancial worries may be keeping your employees up at night and leave them distracted during the workday. How (or even if) they will be able to retire is one common concern; many employees know they are unprepared for retirement,1 but don’t know what to do about it. They want and need help.Employee Advice SolutionThe Employee Advice Solution gives employees a unified strategy based on education and advice, saving them the time, effort and resources needed to tackle it alone. Employee Transition Solution The departure of employees is difficult for all parties involved. The Employee Transition Solution can help make the process less stressful, giving former employees the tools and guidance they need to move forward.Plan Termination SupportWhatever the reason—a merger, a business closure or a change in direction—the termination of a qualified retirement plan can be complicated and stressful. With strict rules about documentation, notification and disposition of assets issued by the Pension Benefit Guaranty Corporation, Department of Labor (DOL) and Internal Revenue Service (IRS), it’s easy to get bogged down in the details. The departure of employees is difficult for all parties involved. The Employee Transition Solution can help make the process less stressful, giving former employees the tools and guidance they need to move forward.1 EBRI’s 2014 Retirement Confidence Survey: Job Insecurity, Debt Weigh on Retirement Confidence, Savings2 Harris Interactive Inc., The 2012 Consumer Financial Literacy SurveySecurities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Other advisory services offered through Stratos Wealth Partners, Ltd., a separate entity.