The Four Rs of Retirement Planning: Recruitment, Retention, Rewards, and Retirement

Retirement plans are integral to the employee lifecycle, encompassing the Four Rs: Recruitment, Retention, Rewards, and Retirement. Offering these benefits can set employers apart from the competition and become a pivotal factor in a candidate’s decision to accept an offer. Doing so also gives companies more choices in how to attract various employees and can appeal to different needs by making retirement a financially viable option for employees as they approach retirement age.

The goal of effective plan design is to achieve the Four Rs. Creating a comprehensive strategy that attracts top talent while motivating, retaining, and supporting employees throughout their careers and into retirement. These elements play a critical role in building a committed workforce.

Inside, you’ll find information to explain why a holistic approach helps the Four Rs work together to build a strong, loyal, and productive workforce. Our aim in this guide is to help you bring all these aspects together. Our comprehensive approach helps clients satisfy fiduciary duties and reduce administrative burden with the goal of delivering improved employee satisfaction.

Our comprehensive approach can help you satisfy fiduciary duties and reduce your administrative burden. Connect with Wilmington Trust today to learn more.

Wilmington Trust is not authorized to and does not provide legal, accounting, or tax advice. Plan sponsors and recordkeepers should consult with their legal and tax counsel on compliance questions.

This article is intended to provide general information only and is not intended to provide specific investment, legal, tax, or accounting advice for any individual. Before acting on any information included in this article, you should consult with your professional adviser or attorney. Facts and views presented in this report have not been reviewed by, and may not reflect information known to, or the opinions of professionals in other business areas of Wilmington Trust or M&T Bank.  M&T Bank and Wilmington Trust have established information barriers between their various business groups.