| | FEBRUARY - 2023MANAGEHRMAGAZINE.COM6In the era of economic and geopolitical upheavals, a sturdy retirement plan is an ultimate vehicle for ensuring financial stability and security in an individual's later years. As employees increasingly maximize their 401(k) pension plans and look for other options to augment their retirement savings, organizations seek effective and profitable retirement plans to attract and retain their workforce talent. This indicates the $934 billion U.S. market for retirement and pension plans, which is growing at a CAGR of 4.1 percent, is set to expand further.The market growth is propelled by many states increasingly requiring employers to sponsor retirement savings programs for their employees. This has made it imperative for organizations to review their employee retirement plan options and choose the most suitable ones to meet their business needs. Furthermore, the rising scope of wealth management software, of which retirement and estate planning have become integral parts, is also contributing to the market growth.This edition of Manage HR shines light on the key developments in the retirement planning space and how organizations are devising effective strategies to help individuals plan their retirement years better and financially secure themselves. It features thought leadership articles by Piotr Lipa, managing director of the employee and organizational culture division at UNIQA Poland and Stella Sung, SVP, head of benefits and health - North Asia at Lockton Companies. They speak about the importance of involving employees in planning benefits to build better compensation packages and the need for data-driven, customized employee well-being programs that promote greater worker resilience.The edition features ASC Trust, a leading third-party administrative and recordkeeping firm with deep expertise in retirement planning for businesses and their employees. Also featured is Benetech, a non-profit technology company specializing in retirement plan design for SMBs' workforces.In this edition featuring the top retirement planning service providers, we hope you find the right strategies to build robust financial futures for clients. Let us know your thoughts!EditorialPromoting Financial Security in RetirementManaging EditorAlex GonsalvesVisualizersChris LynnCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@managehrmagazine.comeditor@managehrmagazine.commarketing@managehrmagazine.com MANAGE HR MAGAZINEFEBRUARY - 15 - 2023, Volume 05, Issue 01 (ISSN 2832-3572)Published by ValleyMedia, Inc. To subscribe to Manage HR MagazineVisit www.managehrmagazine.com Alex GonsalvesManaging Editoreditor@managehrmagazine.comAlex GonsalvesEditorial StaffAaron PierceAva Garcia Philo VazRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner Lawrence
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