Advantages of Single Vendor Approach
For Employees
Our experience with our clients is that:
- More people save into the plan
- The amount of money people save increases
- More investment options
- More money in people accounts due to fee savings
For The Employer
- Wise Choice For Educators is 100% paperless
- Employees facilitate all payroll deductions changes online
- All payroll changes are delivered to payroll electronically every week
- Reduction of payroll “slots”
- Eliminated paperwork from all vendors
- Payroll has estimated that their time required to manage the payroll aspect of the supplemental savings program has been reduced by approximately 85 hours per year
- Send in only one check to asset manager
- Entire process is consolidated and more automated
- Outsourced all loans, hardships, and compliance
- Serves as TPA for all former employee transactions at no cost to district