Aon Hewitt has introduced a fully integrated advisory program to its 401(k) recordkeeping clients.

Under the relationship, Aon Hewitt Financial Advisors, LLC, an Aon Hewitt subsidiary, will serve as the provider of investment advisory services and serve as the fiduciary of the advice and management provided. Financial Engines was chosen to serve as the independent sub-advisor and will provide the advisory platform to deliver the service.

“Our research shows that just 18% of workers are on track to meet their retirement savings needs,” said Scott Parry, leader of Aon Hewitt Financial Advisors. “Those employees who are falling short often make fundamental investing mistakes such as taking on inappropriate risk or not diversifying their portfolios that could easily be corrected given high-quality advice and management. By integrating the Financial Engines advisory platform into our broader administrative solution, we can deliver more personalized advice and management to 401(k) participants to help them avoid these pitfalls.”