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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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401k Communication with a Remote Workforce

401k Communication is important for plan participants in every organization where a self funded retirement plan is in place. When a company has a remote workforce widely distributed over multiple states, 401k Communication becomes even more important.  Today, many companies ...