“Plan sponsor is now the insurance company… make sure everyone on the plan sponsor side truly gets that this is what's happening.”
FP
Frank Panaccio
Relentless Health Value ·
“If you want to see how changing from your current plan design ... how that's going to impact employer costs ... and reduce the at-risk population”
The Long View · Spencer Look and Jack VanDerhei: The Assumptions That Can Put Your Retirement at Risk
Play from 46:08
46:08
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What was described
building a plan-sponsor toolkit that simulates how changing plan design (e.g., adding a managed account) alters employer costs and reduces the share of participants with <80% replacement rate
target <80% replacement rate
Said nearby on the same subject
“…the plan sponsor owns the data. The plan sponsor must have access to the data… they’ve signed the rights away when they signed the contract.”
FP
Frank Panaccio
Relentless Health Value ·
“One account executive shared that automation's replaced about 20% of his old tasks, allowing him to talk 30% more customers in the same amount of time that he invested in his job before.”
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