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Annual Funding & Other Retirement Plan NoticesPBI Research Services |
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Feb. 4, 2022 On-Demand Webinar |
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Defined benefit and defined contribution plans require a variety of communication statements and notices that are critical for participants to receive. These include Annual Funding Notices (AFN), Lifetime Income Illustration in Periodic Pension Benefit Statements, Qualified Default Investment (QDIA) Notices, Automatic Contribution Arrangement Notices, and Safe Harbor Notices to name a few. There is one challenge that all of these, and other pension plan notices have in common: ensuring deliverability of accurate and compliant communication to plan participants and beneficiaries. On average, one in seven Americans change their address every year. This has a significant impact on maintaining accurate participant information as people easily forget all the places their address needs to be updated. |