“Plan participants increasingly expect a simple, integrated series of interactions with their retirement plans,” said Milliman principal Kevin Skow, based in Seattle. “We’ve boiled our mobile experience down to the kinds of things participants can do easily, without being overloaded with choices or information that can discourage their engagement.”
The mobile app enhancements include:
- The ability for participants to enroll in a plan by making one simple election—selecting a deferral rate;
- The ability for active participants to review and change their deferral elections; and
- The ability for participants to set annual automatic increases to their deferral rate.