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Compass
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Coming Soon from a 401(k) Plan Sponsor Near You: A New and Improved Focus on Participant Education
Fiduciary News; free registration required Oct. 29, 2013
"At the 2013 Annual Meeting of the American Society of Pension Professionals and Actuaries, Rick Rodgers and Susan Simoneaux offered their thoughts on how to create a new and improved emphasis on 401k participant education.... It all begins with the premise that the 401k industry is shifting away from emphasizing investments and back towards emphasizing savings.... 'The primary focus of most participant education is dedicated to the accumulation of assets. When a demographic analysis reveals a large or growing number of participants over age 55, I think it makes sense to include a pre-retirement workshop' [said Rogers]."
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