behavioral finance

Beyond Compliance: Make Every Comm Count
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
Effective retirement plan communications do more than just meet DOL requirements; the best ones engage, educate, motivate, and empower participants. Optimize your communications to connect with employees on a personal level, encourage informed decisions, and foster more active engagement with their retirement plan and their financial future. Effective, empathic communications help build a foundation of  Read More →
Employee 401(k) Fears: What’s an Employer To Do?
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Sound investment decisions are rarely made under the weight of worry. The field of behavioral finance points to a number of cognitive distortions that feed on investor fear and can plague participants’ decision-making while compromising their retirement readiness. Here are some that can send shivers down employees’ spines — and ways employers can help them  Read More →
Financial Hypochondria: When Investment Vigilance Becomes a Problem
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
Plan sponsors that offer financial wellness programs typically invest much care, time, and effort in improving employee financial literacy. They offer educational content, provide opportunities for group and individual consultation, and encourage participants to approach retirement planning proactively by staying on top of their investments. But what happens when workers go overboard with well-intended advice?  Read More →

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