Retirement Planology, INC.

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Retirement Planology 0 Skip to Content Ask us Open Menu Close Menu Ask us Open Menu Close Menu Helping you navigate the retirement plan maze Learn more Red flags and warning signs These are some red flags and warning signs that your retirement plan needs extra attention with your advisor. Book a call Low Employee Participation Rates What does it mean if you have a low participation rate? What qualifies as "low" is a moving target and dependent on many factors. 70% might sound like a strong number. However, that's actually lower than the national average, but it's higher than some industry averages. You also want to take a look at which employees are opting out. High Employee Turnover High employee turnover rates can disrupt participation in the retirement plan, and can make it harder to maintain a healthy retirement plan. You will end up with balances in the plan that belong to people who are no longer there, making it difficult to track these former employees and their addresses to deliver notices. Small accounts can often mean higher costs to the plan, and you're now making decisions on behalf of people you no longer know. This can put a lot of strain on already overburdened HR departments. Employee Complaints No HR office wants employees complaining about the retirement plan. But if you are experiencing this red flag, you might want to take a look at what your competitors are offering. Benchmarking studies can often highlight where you're falling short, or the types of thi

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