Browsing Tag
401(k) Client Retention
51 posts
401(k) client retention in the financial world refers to a firm’s ability to keep employers and plan participants engaged with and continuing to use its 401(k) retirement plan services. It involves maintaining strong relationships, delivering consistent value, offering competitive plan features, ensuring regulatory compliance, and providing clear communication and education. High client retention indicates trust, satisfaction, and long-term stability.
Plan Participants Rank Top 401(k) Providers
Charles Schwab, Bank of America and Fidelity Investments topped the respective large-, medium- and small-sized 401k plan participant…
New Deal Brings Chatbots to 401(k) Plan Participants
AI Retirement Chatbot helps Faircourt clients get 24/7 answers on retirement saving, plan terms, and financial goals.
3 Challenges to High Employee Retention: 2019 Fi360 Annual Conference
Commoditization hampers. Wagner urges advisors to be partners, not just vendors. Key: strategic retention plans and diverse incentives.
Why Did 1 in 4 Consumers STOP Doing Business with Certain Financial Firms?
Something for 401k advisors to think about as you craft your next message to a client: Personalization in…
Do Millennial Employees (Really) Love Your 401(k) Plan?
It’s Valentine’s Day, and retirement plan advisors and plan sponsors can play Cupid with millennial employees and a company’s 401(k).
Top 5 Most Trusted Financial Firms
Increasing customer loyalty is the surest road to bigger profits for financial services brands, according to the latest…
401(k)s Show Net Outflows, Signaling Slowdown
New research from global research and consulting firm Cerulli Associates finds that from 2012 through 2017, total distributions or outflows leaving the 401(k) market expanded at a five-year compound annual growth rate (CAGR) of 8.4 percent.
Really? Study Finds Millennials Face (Not-So) Unique Retirement, Financial Issues
There’s no shortage of studies detailing the attitudes different generations have about money, saving and everything else. But…
How to Be The Worst 401(k) Advisor Ever
Is there anything worse than being awarded the “Worst Company in America” by Consumerist.com (which is owned by…
401k Advisors Largely Shun Digital Communication—But Shouldn’t
Advisors would love to conduct business in the “traditional manner,” and meet in person with clients as opposed…