Newkirk Provides Communication Material for Auto-Enrolled Plans

Newkirk unveiled enrollment communication called AutoBook, which is designed for qualified automatic contribution arrangement (QACA) and eligible automatic contribution arrangement (EACA) plans.

According to a press release from the provider of defined contribution plan communications, AutoBook:

  • provides all necessary information to employees who are about to be automatically enrolled in a sponsor’s plan, including opt-out instructions for plan participation, automatic deferral increase, and default investment;
  • incorporates qualified default investment alternative (QDIA) notice information;
  • discloses administrative, participant, and investment fees.

AutoBook is customized on a plan-by-plan basis, and users can optionally include additional information such as plan highlights and fund descriptions, Newkirk said.

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Newkirk said the new booklet’s 5-by-8-inch size lowers production costs and offers potential distribution savings for providers or sponsors who mail their materials to newly eligible participants. The company is also able to print half-sized booklets.


More information is available by visiting www.newkirk.com or calling 800.525.4237.

 

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