Retirement and Financial Services
Aon Hewitt provides a variety of services that enhance a company's retirement plan offering and help employees tackle financial issues.
These services include:
Personal Finance Center
Unique employee resource provides financial education and guidance covering many types of personal finance issues.
Employees' personal financial issues are costing organizations valuable productivity and engagement. The goal of the Aon Hewitt Personal Finance Center (PFC) site is to provide fast answers to pressing financial questions so employees can get back to work matters as quickly as possible. The PFC provides sought-after education and guidance covering a variety of personal finance issues. The site is designed to meet the diverse preferences and learning styles of varying employee populations. It provides a robust employee education program online, over-the-phone and on-site.
The financial education programs on the site are centered on key financial topics, such as "Making the Most of Your 401(k) Plan," "Understanding Asset Allocation," "Retirement Planning in the 21st Century," "Saving for College" and "Debt Management."
The PFC contains multi-media online education. Articles discuss financial problems and solutions in easy-to-read terms. Charts and tutorials provide flash presentations that take employees through financial topics in a methodical step-by-step manner. Calculators allow employees to explore what-if scenarios to personalize the education to meet their specific situations. Also on the site are a variety of two-minute "Small Good Choices" videos that provide additional solutions to a variety of financial issues.
Some employees need to talk through their issues with a trusted and knowledgeable financial expert. The PFC is staffed with personal finance specialists who are trained to answer a wide variety of questions. All calls to the PFC are confidential and are free to employees of companies that subscribe to Aon Hewitt's Personal Finance Center.
In-person seminar workshops can also be arranged through the PFC. These workshops, led by trained financial professionals, are designed to educate employees on a specific topic. Most include a worksheet and handouts to help attendees work toward individual solutions.
The PFC also maintains a referral network to leading financial institutions that provide access to financial products at a discount to normal retail rate. Available products include:
- Retirement Income: Income Solutions® — personalized, no obligation, immediate fixed annuity quotes from leading national insurance carriers
- College Savings: 529 Connection — helps employees determine how much to save for college, provides the estimated cost of college and compares 529 college savings plans
- Advisor Referrals: Aon Hewitt Advisor Connection™ — a national network of pre-screened, fee-only (non-commissioned) financial advisors
Currently providing education and guidance to more than one million employees, the Aon Hewitt Personal Finance Center services a wide variety of employers and can be customized to tailor the topics and programs to employees.
Self-Directed Brokerage Accounts
Your employees are a diverse group of individuals with unique financial and retirement needs. Hewitt's Self-Directed Brokerage Windows empowers them to take greater control over their investment decisions.
While the set of funds in your 401(k) plan is designed to accommodate most of their retirement goals, employees have varying personal and family circumstances that require access to a broader range of investments. However, it can be a challenge to open up the investment options to accommodate a small number of employees without creating greater confusion for the majority. A Self-Directed Brokerage Account (SDBA) from Hewitt Financial Services provides a simple solution.
Through a Self-Directed Brokerage Account, employees gain access to nearly 300 mutual fund families with more than 3,000 mutual funds available with no loads, waived loads or no transaction fees. Employers may also choose to include access to more than 10,000 publicly traded stocks, exchange-traded funds, bonds, CDs and more.
Through our award-winning website, employees can:
- Learn about thousands of investments using analysis from top research sources such as Morningstar, S&P, Dow Jones, Thomson Reuters and Briefing.com.
- Check account balances and holdings, place trades and monitor the markets, 24 hours a day, seven days a week.
- Create customized model portfolios to track the movement of stocks and mutual funds.
Employees have access via phone to a team of licensed investment specialists available from 9 a.m. to 5 p.m., Eastern time, Monday through Friday.
You can be assured that a Hewitt Self-Directed Brokerage Account has been designed to offer the flexibility necessary to meet your participants' needs and your ERISA fiduciary responsibilities (e.g., by preventing access to your company stock or investments on margin). In addition, periodic reports are available to employees to monitor the investments held.
Advisory Services
Coming soon, information on this exciting new Aon Hewitt service offer.
Financial Planning
Aon Hewitt provides financial education and independent planning services for all types of employees in all different financial circumstances. This very personal service enables employees to take greater control of their financial lives by matching their personal objectives and current assets to a detailed strategy tailored to their specific circumstances. When delivered by trained and experienced financial specialists in a conflict-free environment, employees have the greatest chance of creating a plan that uniquely fits their financial requirements. The resultant plan takes into account the employee’s own, very specific circumstances and financial objectives.
Hewitt Financial Services includes a team of trained, credentialed financial planners, ready to help individual employees develop a financial plan that best meets their personal circumstances. These plans take into account:
- Current financial situation – assets and liabilities, cash flow
- Future financial state – based on realistic assumptions about future investment potential
- Risk tolerance – how safe or aggressive should investment choices be
- Demographics – taking into account both purely demographic along with cultural investing patterns
- Financial requirements – how much money is needed to account for lifestyle choices related to education, retirement and estate planning
- Company-provided benefits – their specific value to the employee
Aon Hewitt financial planners are all CRPC or CFP registered investment advisors. Each holds FINRA series 6 or 7, 63, and 65 or 66 licenses and brings at least five years of experience to the team. All are trained to answer questions specific to qualified plans, IRAs and other financial vehicles; investment topics such as mutual funds and asset allocation; and general financial planning topics such as debt management and retirement or college planning. Since they are independent and non-commissioned, they naturally seek out all available investment options, providing employees with an unbiased view of which investment options are optimal for them and why.
