Behavioral Science is a Plan Sponsor’s Best Friend
“One Neat Trick to Increase 401(k) Enrollment!” sounds like the subject line to an email scam, and it probably is. However, the only “BS” here is Behavioral Science, and it really can help.
About Last Year: Plan Sponsors Can Harness the Why Behind the Rise in 401(k) Participation
Average 401(k) balances are up more than 20%. What’s behind those eye-catching numbers? Why are employees investing more? The answers can inform plan sponsors’ educational programs in 2022.
How to Speak Sponsor
Communication strategies for sponsors trying to convey their duties, plans, and needs to other groups in the office less familiar with their roles.
TV Land: What to Watch
What are your employees reading/watching that could help you convey retirement savings and investing information? Here are three wildly different picks that may resonate with employees.
Cultural Competency and the Paperless Office
Why going paperless for providing information to employees may be hurting your enrollment. From religion to neurodivergence, money to age, the diversity of those who would benefit from printouts may make you want to reconsider the purely digital enrollment paradise you may be envisioning.
The A, B, C’s of Confusion: How the Internet Isn’t Helping When It Comes to Understanding 403(b)s
Given how well participants in 403(b) plans did over the last 18 months (in terms of savings and enrollment), Plan Sponsors may want to get ready for some common queries. Here’s a review of what we’ve seen on the Internet that may need clearing up for your participants.
The Best Communication Strategies Come from ADHD Learning
Employees across the board are struggling to concentrate on work, let alone their retirement plans. One method to adapt to this new environment is to learn from those who are already familiar with this landscape.
Spare No Expense: The Priorities Competing with Employees’ Retirement Budget
Over the last year and a half, employees’ relationships with their retirement contributions have seen some significant changes. Why is that, and how can sponsors encourage good habits to stick and help others get back on track?
Is Adding An Employer-Sponsored IRA to Your Benefits Mix Optimal? Four Things to Consider
Wondering if your current benefits lineup can hit a home run with your current (and future) employees? Before you add an employer-sponsored IRA to the lineup of your 401(k), FSA and HSA consider these four things.