401k Re-Enrollment Requires More Education

401k Re-Enrollment Requires Even More Education. Auto-enrollment for employees continues to trend upward for 401k and 403b plans. However, automatic re-enrollment still lags behind.  The Benefits and HR manager of a Boston-based company, with approximately 150 employees, shared her thoughts on automatic re-enrollment while attending a TPSU program at Bentley University.  She believes that automatic re-enrollment requires additional employee education since it impacts existing employees who have never joined a  company’s defined contribution plan.

Although the TPSU Ideal Plan and use of many “auto-features” provide great benefits and results, The TPSU Ideal Plan as described should spend extra time on employee education and engagement when the employee-base is auto re-enrolled in the 401k plan.

Fred Barstein

Fred Barstein

Founder & Editor-in-Chief at 401kTV | TRAU | TPSU
Fred Barstein is the Founder & Editor-in-Chief of 401kTV. Fred is also the Founder and CEO of The Retirement Advisor University (TRAU), a collaboration with UCLA Anderson School of Management Executive Education and The Plan Sponsor University (TPSU).Mr. Barstein was also Founder and Editor-in-Chief of NAPA Net.
Fred Barstein
x

Check Also

Retirement Savings by Age

Retirement Savings by Age and Income Helps 401k Participants Reach Retirement Goals

Retirement Savings by Age and Income Helps 401k Participants Reach Retirement Goals Retirement Savings by Age and Income measures can help your employees to answer the age-old question for American workers.  How much should they be saving for retirement?  Some ...