Efforts to educate about 401(k) plans over the years have garnered both supporters and a large number of critics! The real question when discussing 401(k) plan education centers around “what is being measured?” Does one measure only retirement plan Assets? Does it make more sense to count the number of Active Participants against prior years behavior? Or would it be more appropriate to measure the Income Replacement Ratio when attempting to determine the success factors around 401(k) Plan Education?
WealthManagement.com contributing author Fred Barstein provides and in-depth look at what seems to be working in the area of 401(k) plan education from a different perspective. Mr. Barstein answers the question, “If I were going to design a 401(k) Plan Education program for plan sponsors and their fiduciaries – What would that look like?”
Click here to learn how Executive Education, Behavioral Finance, Wealth Management and using a strong retirement plan advisor combine to make a big difference in the lives of retirement plan participants.
