If you think millennials are a generation of young workers who can t be bothered to save for retirement, think again. Fidelity Investments has uncovered the following five myths employers and their advisers should be aware of to better engage and empower their growing millennial workforces:
The reality is that monitoring your service providers is an essential component to fulfilling your fiduciary duty as an employer. The tangible tasks that you must take on, such as, reviewing performance and educating participants, are easily executed. The confusion lies in the intangibles.
Designing the ultimate defined contribution plan isn t just about the investments chosen to be in the plan. It is about strategy, a company s mission and core values and the demographics of the workers being served by the plan.
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