Communications. One of the critical components that determines the success of the retirement savings plan. With effective communications employees are able to understand the need to participate in the plan, how it helps them, and why not participating hurts their retirement planning in the long run. Plan sponsors have a very important role in deciding … Continue reading Are employees connecting with the communications in an ‘auto-‘ features environment?
As it relates to employee benefits, if there were any one single challenge that most plan sponsors deal with, it might very well be: how to engage and convince employees the need to begin thinking about, and plan for, retirement as early in their career as possible. Despite everything that is reported in the media … Continue reading Is there a way to make inertia work for us?
What a compelling case for face-to-face meetings to improve retirement readiness, in this article by the Principal Financial Group. One of the logistical challenges of this approach is the time and cost in being able to reach, and effectively communicate the benefits of planning ahead to a substantial majority of employees, especially when they are … Continue reading Making the most of all available means to improve enrollment in retirement plans
What is the best way to engage, interest, and entice new employees to participate in the 401(k) savings plan? This article posted by PlanSponsor contains reference to a white paper by Diversified that suggests reducing the content to delve through to improve enrollment rates. In the new era of ubiquitous social media presence, are there … Continue reading Are there other ways to increase enrollment, in addition to auto-enrolling?