MADISON, Wis. – CUNA Mutual Group announced this morning the availability of a new online retirement guidance platform that takes the guess work out of managing individuals’ retirement goals.
The company’s RetireOnTarget will enable more than 140,000 credit union employees, whose 401(k)s are administered by CUNA Mutual, to better meet their retirement goals through a unique and easy-to-understand planning tool. www.cunamutual.com/think401k
The technology enhances CUNA Mutual’s outcome-based approach to retirement plans by helping participants make informed decisions leading to a financially secure retirement. A plan participant can determine if they’re investing enough, adjust the risk of their asset allocation and alter goals and their retirement dates.
“Our surveys show participants find this technology easy to use and they value the guidance,” said Kevin Thompson, senior vice president, asset accumulation for CUNA Mutual. “Participants aren’t portfolio managers or actuaries, yet they’re thrust into that position. Most people set aside what they can afford and hope for the best. Obviously, this is not a good plan. RetireOnTarget also provides plan sponsors relief in knowing their employees are getting guidance to make well-informed decisions.”
CUNA Mutual provides administration and investment services to more than 7,500 retirement plans and more than 370,000 employees nationwide.
