According to a press release, Newkirk’s AutoBook:
- Provides all necessary information to employees who are about to be automatically enrolled in a sponsor’s plan, including opt-out instructions for plan participation, automatic deferral increase, and default investment;
- Incorporates Qualified Default Investment Alternative (QDIA) notice information; and
- Discloses administrative, participant, and investment fees.
AutoBook is customized on a plan-by-plan basis, and users can optionally include additional information such as plan highlights and fund descriptions.
Newkirk says the new booklet’s 5Â½” x 8Â½” size lowers production costs and offers potential distribution savings for providers or sponsors who mail their materials to newly eligible participants. The company is also able to print half-sized booklets.
For more information, visit www.newkirk.com or call 800-525-4237.