Search the Community
Showing results for tags 'getting mailing efficiencies'.
Found 1 result
-
Given the many regular communications that a retirement plan must send to participants, administrators are looking for opportunities to reduce the number of mailings - to get efficiences on the number of assemblies, and sometimes about incremental postage. (My query is about plans that can't meet the conditions for using e-mail as the exclusive or dominant form for sending a communication.) Do you think it makes sense to combine some communications for mailing efficiency? Would you combine ERISA 404a-5 information with some other notice so that both can go in the same envelope? If so, what other notices or communications are the logical candidates for that efficiency? In what ways do you manage cycles and timelines to make it feasible to combine communications for mailing efficiency? Does it make sense to delay a change in a plan's investment alternatives so that the announcement of the change can be related to a regularly scheduled 404a-5 mailing? In what situation would putting different communications into one mailing introduce a diseffeciency? In what situation would putting different communications into one mailing result in confusing participants and incurring expenses of responding to them that exceed the expense-savings of the mailing efficiency? Other practical suggestions?