Retirement

Personalizing Retirement Planning at Scale

Enhancing the retirement participant planning process to accommodate employees in multiple locations and reduce costs.
The Challenge

The Client

A retirement plan advisor seeking the ability to offer personalization at scale.

The Objective

Develop a systematic way to provide scalable digital planning experience that could be highly personalized for participants in multiple locations.

Our Assignment
  • Deliver a solution that provides the ability to service retirement plan participants at scale
  • Provide education on benefits of combining investment strategies with our managed advice offering to personalize the client experience and provide cost savings opportunities
Our Solution

A Digital Retirement Service

By using Goldman Sachs Managed Advice through the Goldman Sachs Workplace Retirement Solution as the plan’s QDIA (Qualified Default Investment Alternative), we were able to leverage an effective digital service that created a highly personalized retirement plan strategy for each participant across multiple locations.

The Outcome

Improved Servicing Efficiencies and Offered a Personalized Experience

This digital solution helped improve the advisor’s ability to efficiently service their clients while delivering a comprehensive and personalized participant experience.

Reduced Participant Costs

Through on-going communication, we were able to educate the advisor on the benefits of combining Goldman Sachs Asset Management investment strategies with Managed Advice, which also reduced costs for the participants.

The cited case studies represent examples of how we have partnered with various institutional clients on a broad range of services and offerings. The experiences outlined in the case studies may not be representative of the experience of other clients.  The case studies have not been selected based on portfolio performance and are not indicative of future performance or success. This is not a testimonial for Goldman Sachs Asset Management’s advisory services.

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Risk considerations and disclosures

Case studies were selected to highlight our retirement capabilities. This case study showcases our partnership with a current client, for which no compensation arrangement was provided. There are no material conflicts of interest with the client and the experience outlined in this case may not be representative of the experience of other clients. The testimonial is not indicative of future performance or success.

Goldman Sachs Asset Management provides Goldman Sachs Managed Advice as investment adviser to the employer sponsored retirement plan at the employer’s direction as plan sponsor. GSAM does not have an individual client relationship with any participant and provides investment advisory services to a participant's account enrolled in Goldman Sachs Managed Advice only in the participant's role as a participant in (and authorized agent of) the plan, not in the participant's individual capacity. Goldman Sachs Managed Advice is generally not available to non-US residents or participants who have investments through self-directed brokerage accounts (e.g., through a plan brokerage window). There is no guarantee Goldman Sachs Managed Advice will provide adequate income at or through retirement. Before making any enrollment or investment decision, you should read and consider all the relevant investment products’ offering documents and information. You should also seriously consider whether Goldman Sachs Managed Advice and related investments are suitable for the plan and its participants before making any decision. Investment funds used in Goldman Sachs Managed Advice may lose value and are not FDIC-insured, and are not guaranteed by any government agency, bank or other financial institution.

THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.

Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.

This material is provided for educational and informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives.

Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur. 

This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by Goldman Sachs Asset Management and is not financial research nor a product of Goldman Sachs Global Investment Research (GIR). It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Goldman Sachs Asset Management has no obligation to provide any updates or changes.

Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. It should not be assumed that investment decisions made in the future will be profitable or will equal the performance of the securities discussed in this document.

Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this publication and may be subject to change, they should not be construed as investment advice.

United States: In the United States, this material is offered by and has been approved by Goldman Sachs Asset Management, L.P. and Goldman Sachs & Co. LLC, which are registered investment advisers with the Securities and Exchange Commission.

375466
ALPS Code GST 2583