‘Cautionary’ Messaging Prompts More Participants to Engage With Plans
However, a study found giving participants a view of retirement readiness progress as well as giving them a view of a retirement readiness shortfall resulted in increased intent to take positive retirement savings actions.
No Fiduciary Breach Found Against Plan Sponsor, Provider in Benefits Estimate Suit
However, the 9th Circuit contemplated whether an online request is considered a 'written request' under ERISA, and attorneys say the ruling has broad implications.
Employees More Focused on Financial Planning Related to Life Events
Employees surveyed said their ideas and feeling about money varied greatly throughout each life stage, and 40% identified more with others who are going through similar life events than those in defined generations.
Analysis Reveals How Poorly Participants Understand 401(k)s
Dream Forward provides examples of questions and sources of confusion for participants after exploring data from its AI chatbox for participants
Dream Forward’s AI Chatbox Answers Participants’ Retirement Plan Questions
In addition to helping participants understand their retirement plans, the AI chatbox addresses other financial challenges participants face.
National Retirement Security Week Starts October 21
The National Association of Government Defined Contribution Administrators (NAGDCA) is offering free, ready-to-use participant communication materials.
Plan Sponsors Gain Mobile App with TIAA
The mobile app looks to increase productivity for when plan sponsors have no access to their desks.