Wednesday, May 19th, 2021
A biweekly topical newsletter from PLANSPONSOR
A newsletter for retirement plan sponsors, with data and information to help with engaging plan participants.
Boosting Participant Engagement in DC Plans
Karen Witham, with DCIIA, discusses how effective communication strategies can help improve DC plan participant engagement.
Simplifying the Retirement Planning Message
Employees need to be taught how to manage finances and save for the future before being advised on how to create an income stream in retirement.
What a Year Without Retirement Savings Can Do to Participant Outcomes
Scenarios show what a break in savings, as well as distributions and loans, can do to a participant’s retirement account balance, and experts share tips for helping participants get back on track.
Building Inclusivity Into Employee Benefits
While it’s a crucial step, experts say promoting an inclusive workplace entails more than offering benefits to different employee demographics.
Grouping Benefits to Enhance Financial Wellness
Instead of giving employees a list of benefit products, plan sponsors should consider presenting them as resources for different life stages, which can lead to better participation.
More Employers Are Engaging With Voluntary Benefits
Experts say such offerings could help improve employees’ financial wellness and retirement security.
Participants More Engaged Than Ever at Work
Now is the time to encourage positive behaviors, especially with health care benefits, sources say.
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