The KFC Foundation’s collaboration with a fintech provider uses technology, gamification and matching contributions to help KFC employees achieve at least $500 in short-term savings.
The recommendations build upon recently issued DOL guidance.
The relationship provides access to Edelman Financial Engines’ financial planners, as well as a broad array of financial education tools and online advice.
The solution will use both company’s platforms to provide real-time participant data for tailored experiences.
Participant experience will continue to be an integral focus, and it will continue to pursue digital solutions, the firm said.
The paper aims to provide plan sponsors with tactical steps consistent with their fiduciary obligations.
The TPA will give sponsors a platform where they can centralize these functions.
The new partnership is said to eliminate manual uploads, reduce data entry errors and protect data integrity.
The Personal Retirement Strategy program includes a dual 3(21)/3(38) solution for retirement plan sponsors.
The investment platform give employees access to owning cryptocurrencies.