Products March 19, 2009
Newkirk Provides Book of Communications for Auto Enroll Plans
March 19, 2009 (PLANSPONSOR.com) - Newkirk, provider
of defined contribution plan communications, has announced
the availability of an enrollment communication specially
designed for Qualified Automatic Contribution Arrangement
(QACA) and Eligible Automatic Contribution Arrangement (EACA)
plans.
Reported by Rebecca Moore
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 5½” x 8½” 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.
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