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Participant Education Coupled with Auto-Enrollment

Participant Education Coupled with Auto-Enrollment

Participant Education is a large contributor to the success of a 401k plan.  Sometimes plan sponsors will auto-enroll participants or auto increase the savings rates in the absence of strong communications efforts. At the conclusion of a Plan Sponsor University (TPSU) Fiduciary Education Program held at the Rice University in Houston, TX, TPSU Founder and CEO, Fred Barstein spoke with TPSU program attendee, Sharon, Manager of Human Resources at her firm.  Sharon’s organization feels that any auto feature that is being implemented as a default for the plan should be augmented with an equally strong communications effort. Sharon describes that concept within this video.

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Retirement Plan Fiduciaries Now Look Through a Covid Lens

Retirement plan fiduciaries may notice their year-end 401(k)/403(b) reviews look different in 2020 than in years past.  Covid-19 has forced retirement plan fiduciaries to pivot how they manage their plan’s day-to-day operations.  Company goals and employees’ locations have shifted.  Many ...