MADISON, Wis.–CUNA Mutual Group said it has “significantly upgraded” its popular BenefitsForYou.com retirement planning website, offering additional guidance and tools for plan participants and sponsors to successfully manage their retirement plans.
“The enhancements help participants take control of their retirement by offering easier access to their retirement plan and providing additional tools to plan for a financially secure retirement, whether that is in three years or 30 years,” CUNA Mutual said. “The website now features device optimization, offering convenience and a great look on any device, including a desktop computer, tablet or mobile phone.”
BenefitsForYou now offers a new focus for RetireOnTarget?, an online guidance tool participants can use to make informed decisions to create a financially secure retirement. “Rather than emphasizing asset accumulation, the tool takes a more practical and tangible approach by helping participants determine if they will truly replace their paycheck in retirement,” CUNA Mutual said.
Meanwhile, RetiredOnTarget is a new section featuring resources to help those over age 55 shift their focus from saving for retirement to preparing for and living in retirement. These include online classes, videos, articles and calculators designed specifically for near-retirees.
“This release of BenefitsForYou.com represents another major step forward in the continuing development of our outcome-focused approach to retirement plans,” said Paul Chong, senior vice president, CUNA Mutual Retirement Solutions.”We focus on creating a complete platform of communication, guidance and investments that help hardworking Americans achieve a financially secure retirement. Many workers struggle with this, and we want to increase their odds by giving plan participants the information they need to make good decisions in a straight-forward, understandable way.”
CUNA Mutual Retirement Solutions, which focuses on serving smaller-sized plans, recently received 25 Best in Class Awards, five Service Commendation Awards and was ranked in the Top 5 of providers in the 2015 PLANSPONSOR Defined Contribution Survey. The awards were earned in both the under $5 million and $5 million to $25 million plan asset categories. Service ratings came from plan sponsors in both the credit union and intermediary markets.
The annual PLANSPONSOR Defined Contribution Survey measures and evaluates the satisfaction levels of 401(k) and other defined-contribution providers according to feedback from their plan sponsor clients.