FBi’s Retirement Outcomes Evaluator is an interactive service that is intended to model plan designs with the objective of identifying a design that will meet the goals of both the Plan Sponsor and their participants.
The features that make the Retirement Outcomes Evaluator a value add service include:
Simple 5 Step Process
- Independent Research provides insight
- Behavioral Finance Tools generate results
- Lead Indicators track participant behavior
- Lag Indicators show impact on Retirement Outcomes
- Marginal Cost track potential issues
See the Business Impact of Better Retirement Outcomes
- Leverage Independent Research to drive decision making
- Behavioral Finance Tools vs. Industry Option Rates (Auto Enrollment, Auto Escalation, Stretch vs. Parallel Match)
- Lead Indicators (Participation Rate, Deferral Rate, Percent Maximizing Company Match)
- Lag Indicators (Increase in Account Balances at Retirement)
- Marginal Cost (Employer Budget for current and next 3 years, Impact on Employee Paycheck)
Improving Investing Behavior
- Leverage Independent Research to drive decision making
- Behavioral Finance Tools vs. Industry Option Rates (Auto Diversified Options, Managed Accounts, Default into QDIA)
- Lead Indicators (Percent Participants “Advised”, Percent Participants “Unaided” but Invested Properly, Percent Participants “Unaided” and Invested Poorly)
- Lag Indicators (Increase in Account Balances at Retirement)
- Marginal Cost (Performance on the different Investor Types over 1, 3 and 5 year periods)
Improving Spending Behavior
- Leverage Independent Research to drive decision making
- Behavioral Finance Tools vs. Industry Option Rates (Debt Reduction Service, Rollover Program, Financial Wellness Program)
- Lead Indicators (Percent Participants using Debt Reduction Service, Percent Participants with a Loan, Percent Participants not Cashing Out)
- Lag Indicators (Increase in Account Balances at Retirement)
- Marginal Cost (Reduction in “Breaching” vs. money spent on such programs)
