Although the average person may not be able to afford a retirement advisor, smart and innovative plan design on the part of plan sponsors may make having an advisor unnecessary.

On Monday, at the American Society of Pension Professionals and Actuaries’ 401(k) Summit in New Orleans, Sarah Simoneaux of Simoneaux and Stroud Consulting Services addressed the role retirement plan sponsors and vendors can play in helping employees achieve retirement readiness—starting with boosting retirement confidence with comprehensive knowledge about how much money workers will need to retire comfortably.

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