Employee Outcomes

5 Tactics to Increase Retirement Plan Participation
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Employees fail to enroll in their retirement plan for a variety of reasons. They may be intimidated if it’s their first time around or they might not fully understand and appreciate the benefits (or the downside of not participating). Some could be concerned about “locking up” their money — and others might worry so much  Read More →
WFH [Wellness From Home] Challenges Both Participants and Plan Sponsors
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
COVID-19 has posed a dual set of related challenges for plan sponsors and participants. For some employees, the pandemic has pitted more immediate financial needs against prioritizing planned savings — and shifted the traditional focus of employer-sponsored financial wellness programs from the future to the present. Sponsors face the difficulty of effectively engaging remote workers  Read More →
Investment Re-enrollment Can Improve Retirement Outcomes [Video]
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
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Are your plan participants properly allocated or could they benefit from an investment re-enrollment? Investment re-enrollment – the process of requiring participants to reconfirm their investment elections, then re-allocating their balance into the plan’s qualified default investment in absence of an election – can be very impactful to overall plan health and the retirement outcomes  Read More →

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