Happy Friday, PLANSPONSOR readers! This week we focus on financial wellness and participant communications. Among items reported, researchers suggest debt management should be factored into any retirement security policy; in a Prudential/PLANSPONSOR survey of nonqualified deferred compensation (NQDC) plan sponsors, a top change respondents are planning to make is with plan education and communication programs; and Callan Associates suggests a repositioning of communications to participants about managed accounts. Enjoy this edition of PLANSPONSOR Weekend!
According to a National Bureau of Economic Research (NBER) working paper, researchers found it is not just the value of debt for people on the verge of retirement that has increased over time, but the proportion of debt to assets as well.Read more >