Blue Sky Case Study
When a Generous Plan Design is Paired with Great Service, Your 401(k) Plan Comes Alive
The Client
- Headquartered in Charleston, South Carolina
- Greater than 200 employees
- Very generous 401(k) plan
with low engagement - Began working with the Rebalance BetterK solution
in July of 2023
The Problem
- High costs: some obvious, some hidden
- Low participation
- No excitement about the plan
- Poor customer service for the employer and the employees
- Advisor on plan not present
- No outreach to help employees
- High turnover within workforce (30%)
- >50% of employees are remote
- Large hourly population
Within the first six months we saw a:
& More!
Blue Sky plan administrators
experienced a time savings
of 2+ hours a week
Employees became comfortable interacting with the BetterK team
The Rebalance team raised the employees’ level of excitement
about the generous plan
sponsored by their employer
