NASHVILLE – How can plan advisors do their jobs better? A panel of three plan sponsors at the 2016 NAPA Summit offered insights to advisors about how they can make a difference in plan sponsors' and plan participants' lives.
"When I started, it was my job to take care of them," said Kathryn Wall, referring to the employees of Mary Washington Healthcare where she is EVP of HR. Mary Washington Healthcare has 5,710 participants and $226 million in plan assets. "Now it's to make sure they're aware and have tools, whether that's financial literacy or financial wellness."
Besides the changing relationship between plan sponsors and employees, plan sponsors have to deal with more complexity and more regulatory requirements, Wall said.
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