Retirement readiness is still out of reach for many workers, and Ryan Campagna argues that the root problem is a “readiness crisis” driven by access gaps, plan design choices, misconceptions, and low financial confidence.
In a recent podcast hosted by Financial Finesse, Ryan explains why “auto features are great, communication is great, but really nothing replaces one-on-one guidance.” He describes how pairing auto-enrollment with auto-escalation and periodic re-enrollment can move more workers from default savings rates toward levels that better align with long term goals, calling that “magical combination” of features “really, really critical.” He also highlights how some plans go beyond the 401(k) lineup to include thoughtful QDIA design, diversified age-appropriate investments, and flexible education formats that meet people where they are.
Ryan closes by focusing on what mid-career workers and employers can do now. For individuals, he emphasizes that “the best investment is the most diversified age-appropriate investment for that person” and that the biggest lever is steadily saving more over time rather than chasing a single “catch-up” investment. For employers, he points to the growing importance of Social Security and Medicare guidance, Roth and HSA education, and true one-on-one support, reminding Plan Sponsors that “the one size fits all way to do employee education just simply does not work any longer.”
"The one-size-fits-all way to do employee education just simply does not work any longer."
Interested in learning more? Listen to the podcast here.
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