Everhart Financial "401(k) Today: Closing the Auto-escalation Gap"

 

In June's issue of 401(k) Today

Monthly News and Updates for Retirement Plan Sponsors and Fiduciaries

Closing the Auto-escalation Gap

 

High participation rates don't always translate to high deferral rates. According to the 2022 Callan Defined Contributions Trend Survey, three-quarters of DC plans offer auto-enrollment, while only two-thirds provide an auto-escalation feature.



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The Six Types of Fiduciaries in Retirement Plans You Need to Know

 

A retirement plan may have one or more fiduciaries who have distinct responsibilities, though many individuals and committees may serve in multiple fiduciary roles.

 

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Customized Content is Good Medicine for Retirement Readiness

 

From recent college grads struggling with student debt to seasoned professionals planning an imminent retirement, participants’ financial goals are as diverse as the workforce they’re part of. 

 

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Forward the Communication Corner to your employees

Communication Corner: How Much is Enough?

 

While thinking seriously about retirement finances is useful, for most people, these retirement formulas may not come close to what your retirement actually looks like.



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You can also access a copy of both communication pieces in your Fiduciary Briefcase.

 

If you have questions or seek assistance, please call us at 614-717-9705 or email [email protected]. If your employees need help they can call us at 844-GOT-401K (468-4015) or email [email protected].