Ascensus has added several COVID-19-specific resources to its website, including infographics, behavioral analytics and legislative insights.
“Advisers and retirement plan sponsors face a dual-edged challenge today: dealing with the life-altering realities of the COVID-19 pandemic and responding thoughtfully to the way that it’s impacting their businesses, retirement plans and participants,” says David Musto, president and CEO of Ascensus.
Among the resources are a COVID-19 Ascensus.com homepage, where advisers and employers can receive updates, analysis and decision-support guides. The firm’s Employee Retirement Income Security Act (ERISA) team has also added a Coronavirus Aid, Relief and Economic Security (CARES) Act infographic series, breaking down the provisions of the relief package and other related COVID-19 guidance.
Other features include a behavioral analytics series, with insights that highlight trends in savings behaviors, to better consider plan design alternatives, decision-making and participant communication and education efforts; a change of plans guide to help employers manage expenses to meet short-term financial needs, avoid fiduciary risk and support long-term retirement security goals; and legislative insights and advocacy on regulations, products, operating standards and industry trends.