[Recorded online and available for purchase.]
A 401(k) plan provides immediate tax benefits that encourage employees to make beneficial salary deferral contributions to fund their golden years. Accordingly, employees should be banging down doors to participate in their company’s 401(k) plans – if you build it, they will come, right? Wrong. Increasing employee participation and deferral rates in 401(k) plans has been a constant struggle for retirement plan professionals. This web seminar explores some of the behavioral challenges that limit employee participation and strategies to encourage participation and increase deferral rates.
- Matching contribution formula strategies, including stacked
- The impact of vesting
- Getting the attention of the employees
- Auto-enrollment done right
- Effective use of auto-escalation
- “Marketing” the match (and the plan)
- Behavioral economics – why do participants act counter-intuitively (to us)?
Continue by clicking on the following link: