Not like this. We believe separating the 401(k) and Financial Wellness is the best route to go. Financial Wellness is so much more than just the 401(k), and offering a separate, comprehensive, education-based Financial Wellness benefit can help 'bridge' all benefits at work to employees' personal lives.
All workshops are education-based centered around wholistic financial planning. They are not "salesy", product specific, or investment specific. Each workshop will conclude with an offer to meet 1-on-1 with an approved Fiduciary Financial Advisor from High Point Capital Group to answer an employee’s individual questions or help create a personalized financial plan for them.
Every employee will go through the same Financial Planning process led by a Fiduciary Financial Advisor. They will receive a complimentary retirement plan/needs analysis within two weeks of their meeting. We know that these meetings are the most influential component for employers and employees alike, so we take utmost care in them. We know employers are worried these meetings will turn into a high pressure sales pitch--we want to address that fear right off the bat:
HPCG advisors are licensed Fiduciaries, which means a lot in the industry (they are not just “Financial Coaches,” they all have vast experience and run full practices managing clients' finances in the real-world). Also, workplace benefits were never meant to cover every aspect of an employee’s financial lives alone, and often, employees have financial needs or desires that they need a licensed professional's advice on.
Remember this “Fiduciary” word we keep mentioning? Each organization has a signed Employer Fiduciary Agreement between the HPCG Financial Advisors, the organization, and the employees. This agreement disclosures how the HPCG Financial Advisors are bound by law to act in the best interest of any individual they are advising that the advice given is separate than the organization, it is private, and that the program is voluntary.
Feedback and summarized reporting (that isn't employee-specific):