Simplify Plan Options

June 2007
Credit Union Magazine;Jun2007, Vol. 73 Issue 6, p83
Trade Publication
The article reports on the "Inside the Minds of Plan Sponsors: What They Care About and Want," a 2005 survey of 1200 plan sponsors conducted by New York-based Alliance Bernstein Investment (ABI). The survey found that the key reason why employee's don't enroll in defined contributions is due to the vague option to choose. An overview of the required plan diversity in the Employee Retirement Income Security Act is offered. Also, a list of 7 features identified to simplify enrollment is presented.


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