|Chicago (July 9, 2019) - The Plan Sponsor Council of America (PSCA) today released an exciting new education campaign to help plan sponsors support and expand participation in their workplace retirement plans.
The campaign - timed to coincide with National 401(k)/403(b) Day - highlights different retirement savings concepts including enrollment, savings rates, investments, loans and hardship withdrawals, catch-up contributions, and planning retirement income. PSCA, part of the American Retirement Association (ARA), is the leading association for sponsors of voluntary, employer-based retirement plans in the U.S.
The Friday after Labor day is known as National 401(k)/403(b) Day - a day to focus on retirement planning and preparation. The materials for this year's Sept. 6 celebration are meant to help plan sponsors maximize their 401(k) and 403(b) plans throughout the year.
"While we draw attention to these plans on a specific day, 401(k)/403(b) Day can be every day for plan sponsors and retirement plan participants," said Jack Towarnicky, executive director at PSCA. "It can be a one-day celebration of your company's plan or a year-long education effort - however you choose to recognize the day, PSCA's materials are designed to inspire and support your efforts - and at no cost to plan sponsors."
The campaign features five distinct football-themed modules that are suitable for use as part of a single event, over the course of a week, or throughout the year. They include a coach's "playbook" to help plan sponsors customize their 401(k)/403(b) Day campaigns for their participants. Each module includes flyers and posters, which can be downloaded for print, posted to websites and used in emails, to help employees:
Materials include "game tips" and "penalty risks" on each topic. Campaign materials were made available exclusively to PSCA members last month.
- Get in the Game
- Play Offense
- Avoid Getting Sacked
- Make a Comeback
"We want employers to use this campaign and its resources when it works best for them - and also when it is right for their employees," said Tobi Davis, director of operations at PSCA. "This year we are asking plan sponsors to share photos of their efforts on Twitter using the hashtag #401kday. We will enter their names into a drawing to win a free registration to the Plan Sponsor Council of America's 2020 National Conference in New Orleans, May 14-15, 2020."
All materials are now available on PSCA's website at https://www.psca.org/401kDay and may be downloaded free of charge. The resources can be customized with a company logo, call to action, and the individual plan's contact information. PSCA is also sponsoring a complimentary webinar featuring tips on hosting a successful 401(k) Day celebration using the materials that can be viewed here.
About the Plan Sponsor Council of America
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), is a diverse, collaborative community of employee benefit plan sponsors, working together on behalf of millions of employees to solve real problems, create positive change, and expand on the success of the employer-sponsored retirement system. With members representing employers of all sizes, we offer a forum for comprehensive dialogue. By sharing our collective knowledge and experience as plan sponsors, PSCA also serves as a resource to policymakers, the media, and other stakeholders as part of our commitment to improving retirement security for millions of Americans. For more information, visit www.psca.org.
For more information: https://www.psca.org/PR_2019_401kday