Progressive 401k Plan Design Results in Happier Employees. A plan sponsor with 1000 employees attending a TPSU program at Queens College in NYC explains how progressive plan design is appreciated by employees and results in a more secure workforce. Great insights in this revealing video.
Early adopters of auto-enrollment, the company more recently increased the deferral rate from 3% to 5% and instituted auto escalation.
Learn why they did it and what effect it has had which many HR people can leverage to convince their senior management to follow suit.
Picked up at the TPSU program was understanding how to better leverage a plan advisor and the benefits of financial wellness.
Focus on plan design, plan advisor and financial wellness. Smart plan sponsor.
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