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Wednesday, August 18th, 2021
A biweekly topical newsletter from PLANSPONSOR
Participant Engagement
A newsletter for retirement plan sponsors, with data and information to help with engaging plan participants.
Administration
Engaging K-12 Employees With Retirement Saving in a Changed Environment
A mix of virtual and in-person education and planning, along with digital tools, is helping meet the needs of K-12 retirement plan sponsors and participants in a hybrid world.
Data and Research
Does Fear, or Encouragement, Prompt More Plan Participants to Act?
Providing both a view of retirement readiness progress or a shortfall encourages participants to engage with their savings, but shortfall messages seem to do so more, a study suggests.
Administration
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
A better investment mix and increased savings are just two advantages participants who have disengaged with prior plan accounts gain by consolidating them, and plan sponsors can also benefit from helping them do so.
Data and Research
Workers Increasingly See Benefits of Auto-Enrollment
The majority of employees say it has gotten them on the retirement savings path at an earlier age.
Administration
PSNC 2021: Communications That Connect — Getting Through to Participants
Experts say specific communication strategies can help engage participants and lead to better outcomes.
Data and Research
Lack of Income, Future Income Misperceptions Hinder Retirement Savings
Not making enough money and overestimating what benefits will be received from Social Security are keeping some Americans from saving, studies show.
Benefits
PSNC 2021: Helping Participants ‘Reset’
How plan sponsors can get participants back into a saving mode after a rough year.
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