Retirement Technology

Ketul ThakerNational Director

MassMutual Financial Group

The evolution of employee benefits

SUBSIDIZER ENABLER

HEALTHCARE

RETIREMENT

EMPLOYER

Employers provide healthcare benefits during WWII Employer sponsored plans & gov’t

managed care High deductible healthcare plan & employee wellness

DB + DC + Social Security

Cash Balance + DC + Social Security

Defined contribution plan + Social Security

Shifting risk from employer to employee

Employees need help…

SM

Stew CohenConsultant/Plan Sponsor

FHI360

FHI360

• FHI 360 envisions a world in which all individuals and communities have the opportunity to reach their highest potential.

• To improve lives in lasting ways by advancing integrated, locally driven solutions for human development.

FHI360• A 360-degree perspective is required to address

complex human development needs.• Sustainability comes from building the capacity of

individuals, communities and countries to address their needs.

• The key to improving lives is in generating, sharing and applying knowledge.

• Partnering with governments, civil society organizations, the private sector and communities leads to success.

Christopher CederHead of Americas Retirement

and Personal Finance ProgramsGoldman Sachs

GS 401(k) Plan / Personal Finance Center• Goldman Sachs 401(k) Plan

– $7.5 billion in assets– ~33K participants / ~16K active – 92% participation rate– Safe harbor plan with company match up to 4% of total compensation

• Personal Finance Center (launched in Sept 2015)– ~11k (~68%) employees accessing PFC– ~6.5k Your Financial Dashboard users – 10+ integrated service providers (2,000+ annual referrals) – ~6k online Learning Center users

Your Financial DashboardIntegrated Financial Experience

• Automatic GS Data Feeds

• Automate Tracking Your Spending / Cash Flow

• Organize Financial Information

• Retirement Gap Analysis Reports

Barbara KontjeDirector Retirement and Smart Saving

American Express

Retirement Savings Plan• Retirement Savings Plan (RSP)

– $5.3 billion in assets– 32,500 participants/20K active – 88% participation rate– Company match up to 6% of total pay (base plus overtime & incentives)– Annual discretionary profit sharing contribution – Average employee deferral of 8.7% of total pay– Default investment in target-date retirement fund– Automatic Enrollment with automatic increase - new hires effective January 1, 2017

Jean SetzfandSenior Vice President of Programs

AARP

AceYourRetirement.org - What & Why?

• AARP & the Ad Council created a multi-channel public service advertising campaign to motivate and empower Americans to save more for retirement

• The campaign targets people in their late 40’s-50’s, with HHI of $40k-$99k and access to an employer-sponsored plan

What Makes AceYourRetirement.org Unique?

• Interactive digital experience featuring Avosm , our friendly digital retirement coach

• 3-minute experience resulting in a personalized retirement savings action plan

• Free, educational resource

AceYourRetirement.org Results + Future• Since July 2017, AceYourRetirement.org has garnered

over 300K sessions and a chat completion rate of 17%

• The campaign and Avo have been featured in USA Today, the Philadelphia Inquirer and Dr. Phil.

• In 2018, AARP and the Ad Council are continuing national media distribution of the campaign, launching an email nudge program and exploring partnerships to increase conversions and further raise awareness

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THANK YOU.

Slide Number 1Slide Number 2Slide Number 3Employees need help…Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9FHI360FHI360Slide Number 12GS 401(k) Plan / Personal Finance CenterYour Financial Dashboard�Integrated Financial Experience�Slide Number 15Retirement Savings PlanSlide Number 17AceYourRetirement.org - What & Why?What Makes AceYourRetirement.org Unique?Slide Number 20AceYourRetirement.org Results + FutureSlide Number 22Slide Number 23