
Take action on retirement readiness
- Work with your recordkeeper, plan advisors and consultants to generate greater employee engagement, and seek an approach that makes it easy for participants to take action.
- Ask for employee communications to demonstrate the benefits and impacts of measured, realistic, small steps and to promote content that’s neither simplistic nor condescending.
- Encourage employee interaction with retirement planning tools and automated features.
- Ask participants to provide key data during open enrollment, when they’re already thinking about their benefits.
- Use your plan health reporting to monitor the plan design choices impacting retirement readiness and to identify employee groups who may need more help to get on track to meet their retirement savings goals.
To learn more about this research or to begin developing your organization’s action plan toward optimal plan health, please get in touch by calling (855) 882-9177 or e-mail us at sbs@hanys.org.