7 Concerns on the Forefront of 401k Plan Sponsors' Minds Right Now
To combat this lack of savings ethos, plan sponsors are utilizing education programs to encourage greater savings. Gone are those quarterly “employee enrollment” meetings. They’ve been replaced by more engaging – and usually on-line – interactive activities meant to spur the casual saver. “Financial Wellness programs continue to be on the forefront of plan sponsors’ minds,” says Taylor Hammons, Vice President and Head of Retirement Plans at Kestra Financial in Austin, Texas. “Due to their continued focus on driving a higher level of retirement readiness, they are now seeing a positive increase in their plan participants’ engagement and savings rates.
FiduciaryNews, November 27, 2018