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.
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 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.
Dream Forward provides examples of questions and sources of confusion for participants after exploring data from its AI chatbox for participants
In addition to helping participants understand their retirement plans, the AI chatbox addresses other financial challenges participants face.
The National Association of Government Defined Contribution Administrators (NAGDCA) is offering free, ready-to-use participant communication materials.
The mobile app looks to increase productivity for when plan sponsors have no access to their desks.