
Legislative and Judicial Actions
Principal Makes Onboarding Platform Available in Spanish
The firm says Principal Real Start has been a game-changer in driving positive retirement savings outcomes.
DOL Sends Electronic Disclosure Rule to OMB
The proposed rule, which the OMB has up to 60 days to review is aimed at reducing costs and improving participant understanding of retirement plan disclosures.
The Segal Group Acquires Benz Communications
Jennifer Benz, senior vice president, who was CEO of Benz Communications, said her firm has been experimenting with new things that The Segal Group’s current clients will have access to.
Employees Express Preferences for Retirement Plan Communications
Studies from Empower Institute found many commonly used industry terms don’t make sense to their intended audience, and employees perceive retirement plan communications as wordy and long, complex and confusing, generic, overwhelming and wasteful.
DC Plan Jargon Stymies Participant Success
The term “glide path” resonated with only 4% of participants surveyed by Invesco, despite being the most common term used by advisers, providers and plan sponsors when talking about target-date funds; survey data shows numerous other areas where industry jargon holds back participant understanding.
Participant Survey Reveals Financial Wellness Priorities
Plan participants in the 50 and up age group are thinking about the transition to retirement because it is on the horizon, while the younger age groups are more preoccupied with budgeting and managing debt.
Responsive Design Enhances Financial Wellness Programs
To improve engagement with financial wellness programs, companies are employing new tools based in behavioral science and powered by responsive technology.
Cetera Launches Adviser Texting Solution for Smoother Client Communication
The firm recently announced a new initiative to expand its 401(k) business, and it has now unveiled a texting solution aimed at simplifying compliance and recordkeeping in text-based client communications.