401K Programs: The Continuing Challenges of Participant Retirement Readiness
Only 15 percent of 401(k) plan sponsors today feel that most of their plan participants will be financially prepared for retirement. What are they doing to improve the situation?
On a HR Executives Dbriefs webcast, 401K Programs: The Continuing Challenges of Participant Retirement Readiness held on May 9, 2012, Scott Cole, senior manager and Cheryl Ouellette, specialist master, Deloitte Consulting LLP, discussed:
- Why retirement readiness is a growing problem, including stagnation of participant accounts and participation rates.
- The effects of fee disclosure regulations on plan participants and their interaction with human resource representatives.
- New ways retirement providers are helping sponsors improve retirement readiness, including guaranteed income funds and use of social media to engage participants.
Watch the Dbriefs webcast replay to hear results of Deloitte's latest 401(k) survey and how plan sponsors and providers are addressing employee retirement readiness.
The following polling questions were conducted during the webcast: