Building a Robust Wisconsin Economy…
Retirement readiness and a positive participant experience are top priories, but there’s a deeper advantage to the Wisconsin Select program that you’ll love.
Consider that retirement plan assets sponsored by Wisconsin employers currently total more than $294 billion. As a whole these assets already generate as much as $3.57 billion of annual revenue to service providers.
So what’s the problem?
Currently, as much as 98 percent of investment management, fiduciary support and plan administration on revenue leaves our state. In addition, as much as 60 percent of advisor and plan fiduciary revenue is also sent to providers out of Wisconsin.
By keeping a majority of important financial services roles right here in Wisconsin, we have an opportunity to support sustainable, living-wage careers for tens of thousands of state residents while simultaneously working to provide a positive retirement plan experience.
With an ongoing focus on economic development in our state, the opportunity is clear: the more wages and income tax revenue we choose to direct to qualified financial service professionals in Wisconsin, the greater the long-term benefit to all state residents.
The Wisconsin Select program helps fund our public schools, early childhood development programs, roads, bridges, infrastructure, universities, state parks, airports and more. Increased wages and income tax revenue also go to support retail businesses, manufacturers, restaurants, shopping centers, arts organizations, hospitals, sustainable agriculture, sports franchises, conservation efforts and historic preservation – all of the things that make Wisconsin life worthwhile.
It also works to create a bright future for our state. Wisconsin Select is more than just an employer-sponsored retirement plan; it’s a cornerstone to a better economy for generations yet to come.
It all starts with the decision to Move your plan to Wisconsin Select.
Sources: Larkspur Data, 401(k) Averages Book, Appleton Group Research. Data as of 12/31/2014.