Most often it takes a combination of plan provisions like automatic enrollment and automatic increase, group meetings, one-on-one sessions, and, most importantly, a great culture surrounding the retirement benefits. We became advisor on the plan and learned that the previous advisor had been offering monthly one-on-one sessions, but there was a very small group of employees actually attending the meetings because they were voluntary and it was nothing more than an invitation each month if anyone had interest.
Read more here: Top Advisors Weigh In: How to Increase Participant Contribution Rates – Financial Advisor IQ
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Information on this site does not constitute legal, medical or technical advice and is not intended to substitute for professional advice. Please consult an appropriate qualified professional about the applicability of any opinions or recommendations with respect to individual concerns.; please read more here.Open article in new window