The growth of defined contribution plans over the last decades has been exponential. As more advisors market their servies to plan sponsors, it becomes increasingly difficult for advisors to differentiate themselves and their services from the rest of the pack. Without providing unique, value-added services to plan sponsors, advisors may find it difficult to prove that they are having an impact on plan participation. Advisors can distinguish themselves by providing the plan data plan sponsors really want to see. Advisors using TRAK-Online's Participant Benchmark report and rise above the competition and give plan sponsors the data they want and need.
The Participant Benchmark report is designed to be given to plan sponsors. Rather than focusing on plan fees and investment options, both important metrics, the Participant Benchmark report focuses on the participants themselves. How many are participating? What are the average contributions and balances? What is the projected retirement income replacement ratio? These data=sets and more can then be further segmented by age and income level. Historical data can also be incorporated into the report allowing an advisor to demonstrate to the plan sponsor how participation and contributions have grown overtime. The Participant Benchmark report includes more than 15 charts and grids that can be included, excluded, and reordered as needed. Here are some examples!
Stand out from the crowd by providing plan sponsors ket participant metrics and showing how the participant retriement readiness is improving on your watch. Stand out by using TRAK-Online's Participant Benchmark report.
TRAK-Online is a transformational retirement planning solution for advisors. By changing the focus of retirement planning conversations from sales to education, TRAK-Online helps educate clients and engages them in the retirement planning process, resulting in them understanding your value as a financial advisor.
TRAK-Online is efficient and effective in handling clients’ questions about various qualified plans (including 401(k), 403(b), 457, Thrift Savings Plans (TSP), IRAs, Roth, etc.). TRAK-Online’s visually engaging reports make retirement planning easy to understand. Advisors often use TRAK-Online solutions interactively with their clients, quickly illustrating how variables can have a big impact on their retirement goals. Additionally, TRAK-Online can help you fulfill your fiduciary responsibility and comply with DOL rules by including all of your clients’ assets and illustrating nearly any retirement scenario. TRAK-Online has a number of retirement planning calculators, each designed to communicate a specific retirement planning concept to a client.
Trust Builders, Inc. has a long history of working with corporate accounts of all sizes. Trust Builders, Inc. will draw on our experience to help your advisors increase their sales through client education.
Are you on TRAK-Online? Learn what top producers already know by trying TRAK-Online today.