All eligible employees in MetLife administered 403(b) and non-Employee Retirement Income Security Act (ERISA) retirement plans are now able to use EnrollNow—a digital platform accessible from any internet-connected device that makes the retirement plan enrollment process easier, faster and engaging.
With EnrollNow, the enrollment process is efficient and paperless, and participants receive support as they make important decisions such as selecting a deferral amount and choosing funding options.
The company told PLANSPONSOR the offering is free to MetLife plan clients and there is no setup involved. MetLife provides plan sponsors with access to marketing materials to promote the platform to employees. Decision support is provided via digital educational materials, for example, fund fact sheets, that are accessible through links.
“We launched a digital solution to support our customers as they make important plan decisions while meeting the growing demand for alternatives to traditional paper-based applications, says Derrick Kelson, vice president, MetLife Resources. “With EnrollNow, we can deliver an interactive and intuitive digital experience that saves time and costs and delivers an engaging experience for the end-user.”
« HSA Investment Menus Shouldn’t Just Replicate Those of DC Plans