 Innovative
Retirement Advisors (IRA) is committed to educating
your plan participants on the importance of saving for
retirement and educating plan sponsors on their
responsibilities to the plan and its participants.
Employee Education
Your employees' understanding of their plan and the
importance of saving for retirement is the key to your
plan's success. Our educational efforts begin with
enrollment and continue throughout an employee's plan
participation.
Enrollment Education
A well-designed education program empowers
employees to take an interest in their retirement
security, as well as provides protection to the plan
sponsor as a fiduciary. An effective program consists
of many parts:
- Pre-enrollment materials
- Enrollment presentation
- Customized enrollment booklets
- Asset allocation assistance
Continuing Employee
Education
Plan participants should have access to a wide
variety of tools that reinforce and build upon the
concepts and principles introduced during the
enrollment period:
- Extensive website
- Ongoing information regarding the importance of
saving for retirement
- Updated guidance as employees go through the
different life stages leading to retirement
- Regularly scheduled enrollment and education
meetings
Plan Sponsor Education
Plan sponsors need information, just like their
employees. After all, you must educate yourself before
you can educate your employees. We are committed to
providing you with the information you need to become
an effective plan sponsor:
- Employer guide describing your roles and
responsibilities as a fiduciary under the ERISA
laws
- Loyalty
- Diversify
- Incur only reasonable costs
- Monitor investments
- Educational programs
- Regular plan reviews
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