The MoneyAdvice@Work® Team at Francis Investment Counsel provides holistic financial education and advice services to the employees of the organizations we serve. This year, the team received recognition once again for its efforts in retirement plan participant communication and engagement.
Pensions & Investments’ nation-wide Eddy Award competition recognizes best practices by defined contribution plan sponsors and service providers in delivering financial education to plan participants. Francis Investment Counsel – in partnership with one of its plan sponsor clients, Foth – was honored with a 2021 Eddy Award for a customized campaign.
Foth offers engineering solutions and client-centered service to a variety of government, industrial, and commercial clients from 26 locations nationwide. Foth is dedicated to providing a caring experience to clients and employees (members) and maintains an impressive client roster and national reach.
That caring attitude extends into the employee benefit programs Foth provides. Recognizing the importance of addressing employees’ financial needs and concerns, Foth first partnered with the MoneyAdvice@Work® Team in 2008, well before financial wellness was a “trending” employee benefit.
The partnership between Foth and MoneyAdvice@Work® proved invaluable throughout the course of the COVID-19 pandemic, as the MoneyAdvice@Work® Team ensured members had easy access to information, education, and personalized advice. Members specifically benefited from a COVID-19 website, which served as the hub for all resources. Additionally, the MoneyAdvice@Work® Team hosted webinars, pushed out timely market and education opportunities via the MoneyAdvice@Work® mobile application, and encouraged members to reach out to their advisors for personalized advice sessions.
The MoneyAdvice@Work® Team’s response to COVID-19 and Foth’s continued support of the service to its members received second-place recognition with an Eddy Award in the “Special Projects” category.
Kelli Send, Senior Vice President of Participant Services at Francis Investment Counsel and leader of the MoneyAdvice@Work® Team, attended Pensions & Investments’ Defined Contribution Spring Virtual Series, where the award winners were formally announced.
“The past year brought challenges for all of our clients, but our team was prepared. We enhanced our outreach efforts so that employees like the members at Foth had the help they needed when and where they needed it. We are very pleased to see Foth’s commitment to the financial well-being of its members recognized with this award.”
Francis Investment Counsel’s 2021 Eddy Award represents the thirteenth time the Firm’s financial education efforts have been recognized, having recently won two Eddy Awards in 2020. The Firm remains steadfast in its commitment to providing creative financial education and communications to the retirement plan participants served in Wisconsin and across the nation.
More information regarding the 2021 Eddy Awards, including a full list of categories and winners, can be found here.
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2021 Eddy Award recognition received based on Pensions & Investments annual evaluation process. Winners demonstrated program effectiveness and creativity, as well as completion of the entry form, which included a $150 fee per entry. Number of entries varies annually but averages 130-150. Selection criteria weighted differently based upon the category, but in general, creativity and the ease of understanding complex topics was key in determining successful entries. Francis Investment Counsel completed a submission with Foth in the “Special Projects” category and was recognized with a second place award. 2021 Eddy Award represents the thirteenth time Francis Investment Counsel has received such recognition, having previously received Eddy Awards in 2011, 2012, 2014, 2016, 2018, 2019, and 2020. In 2021, a total of 68 defined contribution plan education programs were recognized with a First-Placed Eddy Award, based on the entry category, size of the plan, and educational topic discussed. Francis Investment Counsel is not affiliated with and does not receive remuneration from Pensions & Investments. Receipt of this award should not be construed as a guarantee of future performance or results.