Best Practices Guide to Participant Engagement Tools
Your communications and education program is arguably one of your most important functions as a plan sponsor. If participants don’t understand the plan in a way that enables them to be successful, all of the other work you do – setting up the plan, choosing investment options, hiring service providers, etc. – will have a diminished impact. We establish defined contribution plans to help our workforces create retirement income security. These plans are most successful when plan participants understand their choices and are empowered to take action.