Many organizations have no idea how financially prepared their employees are for retirement.

They may have a number of later-career employees who are nowhere near ready and, consequently, have to work for many more years.

On the other hand, there may be a few mid-career employees who already have enough savings to retire and could decide to do so on short notice. Employees who find they must work longer than they expected or who retire unexpectedly early may disrupt the natural progression of the workforce.

To minimize such disruptions and foster sound workforce planning, it is important for employers to help ensure that employees are on track to a timely retirement of their choice.