Plan providers can use the template-driven tool, that includes charts, illustrations, and other variable content, to create a personalized financial “snapshot,” according to a Broadridge press release. The communication is designed to motivate participants to increase retirement plan contributions and to increase plan participation rates, Broadridge said.
Data and artwork can be imported via a feed and/or an online upload. The resulting documents are personalized with variable messages and illustrations based on age, compensation, and current deferral rates.
The solution is available as a stand-alone product, or it can integrate seamlessly with Broadridge’s Dynamic On-demand Communications System (DOCS).
“Using the talents of our communications experts and our technology know-how, we developed this proprietary tool that plan providers can use right from their desktops with minimal effort and upfront cost,” said Gerard Scavelli, President, Investor Communication Solutions at Broadridge, in the release.
More information is at www.broadridge.com .