When a rare and positive coincidence occurs, it's oftendescribed as an alignment of the stars. Such an alignment is takingplace with greater frequency in the workplace universe as employersfocus on preparing employees to retire on their own terms byensuring retirement savings and benefits plans work as effectivelyas possible.

Employers are recognizing the need to help employees attainfinancial wellness, especially as more Americans find they cannotafford to retire. Every day, approximately 8,000 Americans reachage 65, according to the U.S. Census Bureau. While 65 is the traditionalretirement age, nearly four in 10 workers say they plan to continueworking longer, the Employee Benefits Research Institute reports, and onein 10 say they expect to never retire.

Now consider that EBRI estimates that 32 million Baby Boomers(ages 50-68) – a population the size of California — are unpreparedfor retirement. Suddenly, the effectiveness ofemployer-sponsored retirement plans in helping employees retire ontheir terms becomes incredibly important. The viability of anemployer's benefits package becomes critical – both to theemployees as well as the employer's financial wellness.

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