Viewpoints about Participant communications
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Understanding 401(k) plan sponsor responsibilities when employees leave a job
Plan sponsors are responsible for helping departing employees understand their 401(k) options when leaving a job. Learn guidelines to help them decide.
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How to track retirement readiness with income replacement ratios
We take a look at a popular measure of participant progress—the income replacement ratio—to assess how participants are doing and share ideas for using it to help improve your plan.
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How to use investment and account data to help create better investors
A look at where defined contribution plan participants moved their money during a sometimes turbulent period—as well as ways to gauge how your people are investing and help inform their future decisions.
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How to use expense projections to add definition to retirement readiness
Expense coverage projections add a whole new dimension to the concept of retirement readiness. See how the calculations work, how current participants measure up, and how you can use this and other key benchmarks to help improve retirement outcomes.
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Livening up participant education with social media-like ideas
How can plan sponsors win younger participants’ attention while making sure they get the guidance they need to make decisions? One approach is to tap into the techniques social media influencers use to make their content so appealing. Here are tips to help you do just that.
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A trick to boosting employee engagement in your retirement plan
Learn when the most effective time to engage with participants about your plan and its features may be and how to tailor your messaging to their unique needs.
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What are the lifetime income illustrations on my 401(k) statement?
If you’re saving in a defined contribution (DC) retirement plan, you receive a quarterly statement that shows your account balance and investments. To help you see how much monthly income your account balance will generate, your statement will start including two lifetime income illustrations.
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A guide to 408(b)(2) fee disclosures for retirement plan sponsors
ERISA Section 408(b)(2) stipulates that covered service providers must disclose information about their services and fees in writing to the plan’s fiduciaries. And as a fiduciary, you must evaluate the disclosures and determine whether the cost of services provided by the plan’s CSPs is reasonable.
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When are participant change notices required under ERISA 404a-5?
Being a plan sponsor comes with administrative and fiduciary duties. Knowing whether a retirement plan event triggers the need to send a change notice or not is one of those confusing areas that can require guidance. This guide can help you understand your requirements beyond the annual and quarterly notices.
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Interim final rule on the SECURE Act’s lifetime income illustrations for defined contribution plans
The DOL has issued new lifetime income disclosure rules for defined contribution plans.
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