Posts Tagged ‘ParticipantSuccess’

Is it helpful to add an automatic contribution increase feature to our 401(k) plan?

Wednesday, June 25th, 2014

By Joseph F. DeNoyior, Managing Partner The answer is definitely yes, according to analysis by Fidelity Investments. For someone in his or her mid-20s, a 1% contribution rate increase, which would be about $33 per month for an employee earning $40,000, could yield an extra $200 to $330 each month...

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How Can We Improve Retirement Readiness for Our Employees?

Wednesday, April 16th, 2014

By Joseph F. DeNoyior, Managing Partner I’d like to talk to you about something that we feel is the most crucial (and practical) way to improve your 401(k) plan. Despite the widespread recognition among workers of the wisdom of saving for retirement, almost one-third of those who are eligible...

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Retirement Confidence Sank Even Lower

Thursday, January 23rd, 2014

By Colin Clark, Retirement Plan Specialist The Employee Benefit Research Institute’s (EBRI) 2013 Retirement Confidence Survey revealed that 28% of workers were “not at all confident” about having enough money for a comfortable retirement, an increase over 23% who were in this group in the 2012 survey. About 13%...

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Building an Effective Participant Communications Program

Tuesday, November 19th, 2013

By Colin Clark, Retirement Plan Specialist In recent years, plan sponsors have seen participation and contribution levels dwindle in the face of economic uncertainty and a volatile stock market. In this environment, educating participants about the specifics of a plan may not be enough. What is often needed is...

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