Automatic Withdrawals Employee Engagement Toolkit
A tool to help your employees make informed decisions about their retirement.
Your employees have worked hard to save for retirement. They may need help understanding how to turn their savings into steady income in retirement.
Automatic Withdrawals helps employees evaluate, compare, and select the withdrawal strategy that suits their unique needs for retirement income. The tool can help answer common questions, such as:
- How much might I receive?
- How long can my money last?
- What might be left behind at the end of my target planning period?
By simply inputting data such as planning age, withdrawal frequency, and their expectations of future market conditions, employees can model the long-term implications of various withdrawal strategies.
Please note: The Automatic Withdrawals tool can be used by any employee to model withdrawal options, but setting up an automatic withdrawal plan can only be set up by those who are withdrawal eligible, based on plan rules for age and status.
The pieces in this toolkit encourage employees to explore Automatic Withdrawals to learn how to turn their workplace savings into retirement income. There are two versions, with slightly varied messaging to help you engage both those planning for retirement and those nearing it.
| Version 1: Focus on thinking ahead to retirement (pre-retiree) | Version 2: Focus on taking action now (retiree) |
| Email 1: OFT | Word | Email 2: OFT | Word |
| Digital sign 1 | Digital sign 2 |
| Internal messaging copy 1 | Internal messaging copy 2 |