Firm Rolls out Web Site for Pre-Retirees

Convergent Retirement Plan Solutions, LLC, has launched Learning to Retire, an interactive, online learning application designed to help educate near-retirees about the upcoming transition.

The company said in a release that the new offering was designed to reduce the confusion and stress often associated with planning for the transition into retirement: confusion and stress that so often cause individuals to avoid planning altogether.

According to the release, Learning to Retire incorporates a retirement readiness quiz with user feedback and a resource portal with links to various federal and nonprofit Web destinations pre-retirees may visit for further information.

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The product can be branded and customized to reflect each provider’s unique value proposition, and includes education on a wide range of retirement transition topics, both financial and nonfinancial, the release said.

“We wanted to create something completely new, something accessible and fun that would help near-retirees gain confidence, a sense of control over their destinies, and something that would prompt action,” said Loni Porta, Convergent’s director of education, in the release.

Regulators Release Auto-Enroll Info for Small Employers

The U.S. Department of Labor (DoL) and the Internal Revenue Service (IRS) released a new publication to help small employers understand automatic enrollment for 401(k) plans.

Automatic Enrollment 401(k) Plans for Small Businesses provides a comprehensive overview of the advantages of starting and operating this type of 401(k) arrangement, according to a press release. The publication describes an automatic enrollment 401(k) plan, how to set up the plan, management of the plan, fiduciary responsibilities, and a checklist to ensure compliance with the law.

The agencies said the publication is part of an ongoing education campaign to educate employers, particularly small businesses, and help workers and their families save for a financially secure retirement.

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Free copies of the booklet and other materials developed under the campaign are available by calling EBSA toll-free at 866.444.EBSA (3272) or visiting the agency’s Web site at www.dol.gov/ebsa (see Publications).

Additional resources to help small employers are available through the IRS Web site at www.irs.gov/ep.

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