Why Educating Employees About Retirement Plans Is Critical Encouraging retirement savings is a leader's responsibility.

By Scott Wylie Edited by Dan Bova Apr 16, 2018

Opinions expressed by Entrepreneur contributors are their own.

When it comes to 401(k)s and retirement plans, it's important to help your employees out as much as possible. Make sure they take the time to learn how the plans can have a positive and outsized impact on their lives down the road.

But, don't make it too easy. Don't just hand them brochures and paperwork and walk away.

Seminars and classes can be very helpful, but make sure they are relevant to younger workers in both content and delivery.

Think about how technology can help these employees learn how money grows. It will become one of the most important lessons they ever learn.

Scott Wylie

Chairman and CEO, First Western

Scott Wylie co-founded First Western in 2002 after recognizing the need for an integrated approach for delivering financial services to the growing affluent market. As chairman and CEO of First Western, Wylie provides leadership for the holding company, as well as management of the bank and trust services. Most recently, he served as chairman and CEO of Northern Trust Bank of Colorado after having sold his prior institution, Trust Bank of Colorado, to Northern in 1998.

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