The audit allows retirement plan recordkeepers to pinpoint and fix shortcomings within their plan-sponsor-facing digital user experience, according to Corporate Insight.
Tag: retirement plan provider websites
Seventy-six percent of plan sponsors interviewed by Corporate Insight say they view the plan sponsor website either as very or extremely important in relation to their responsibilities to the plan.
The ability to manage future investment allocations on websites provided by recordkeepers is very important to retirement plan participants, but a study found participants can be confused by terminology and frustrated by design features.
Beginning in the third quarter, pension annuity customers whose accounts came to OneAmerica through a pension risk transfer (PRT) will be able to see to their account, make banking changes, change tax withholding, and manage their beneficiary information.
Both active annuitants and deferred annuitants can go to MassMutual’s website to access information about their annuity, as well as update their records, among other things.
New features include a simplified enrollment process and ability to set automatic contribution increases.
LT Trust's new website will serve as a 401(k) resource center to employers sponsoring 401(k) plans and to their employees.
The firm says employers and employees will find a wealth of information about fiduciary liability and saving for retirement on its new blog.
With plan data and trends accessible anytime from a variety of devices, plan sponsors will be able to tailor strategies to help drive enhanced retirement-readiness outcomes for their employees.
The provider of retirement planning services to public education and nonprofit organizations says that the websites provide information on retirement for individuals at every career and life stage, as well as employers and advisers.