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Insights & Education

Modernize your K-12 retirement plan with vendor consolidation  

September 15, 2023 

Offering a focused program can improve employee participation and outcomes and help school districts recruit and retain top educators.

Attracting and retaining top educators is crucial to student success. At a time when many K-12 districts are facing what may be the largest teacher shortage in recent history, building and sustaining a quality work force has become a top priority. Yet, with fewer new graduates in the education field—and recruiting efforts costly and time-consuming—this is a challenge.

Offering a comprehensive benefits program can help, a cornerstone of which is a straightforward, easy-to-navigate retirement plan program that encourages strong employee participation and helps set them up for financial success today and tomorrow. Moving from a multi-vendor program to a limited or single-vendor program is an important step to achieving this goal.

Learn how vendor consolidation can help address choice overload, grow employee engagement and plan participation, and help streamline administrative processes for plan sponsors.