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Pension column: Greater simplicity for DC plans

Encouraging plan members to set aside money for their future—and to invest those savings in a thoughtful way to grow them over time—is the great retirement savings challenge for plan sponsors. But one thing is clear: making it easy for members to save and invest removes a key barrier to success. Hats off to the DC plan sponsors that are doing just that. Through creativity, innovation and smart decision-making, there is a pronounced and measurable move to simplify the DC plan experience for members.

  • November 20, 2014 September 13, 2019
  • 07:00

Use mobile strategies to engage employees

For all of the complexities in the group savings and group benefits world, the work of plan administrators and sponsors really comes down to a few simple items: engaging employees in their plans; ensuring that they understand the benefits they’re entitled to; and giving them the tools and information they need to take appropriate actions.

  • June 29, 2012 September 13, 2019
  • 11:01

Getting plan members to take action

Procrastination, confusion and a harried lifestyle are all causes of plan member inertia. DC pension plan providers continue to look for ways to break through inertia and help members reach long-term financial security. We’re not asking them to go to financial boot camp. We’re asking them to fill out a form, join a plan, contribute, […]

  • April 19, 2011 September 13, 2019
  • 11:30