In Aegeon’s recent survey of employee retirement readiness featured in an article of Employee Benefit Advisor, 20% of employees reported that having frequent access to more information about their retirement savings would help them to save more. At the same time, 38% of employees reported that they received no retirement communication, education or support at all. Print communication is no longer the only or most effective method available; online tools, social media, websites and face-to-face meetings can be used to tailor plan outreach to employees of different cultures and backgrounds.
Which methods of communication are already utilized in your plan? Which methods are you considering implementing? Have you evaluated the demographics of your employee workforce to determine the most effective communication methods for your Plan?