Millennial participants (those born between 1981 and 1997) are a distinct cohort that plan sponsors and their advisors must consider when designing fund menus. The following article discusses investment lineups, communication, and education considerations for younger workers. Please view here.
Plan sponsors increasingly recognize the benefits of allowing retired participants to leave their assets in the plan. However, participants passively enrolled in the plan's qualified default investment alternative (QDIA) may not continue to be appropriately invested after retirement. Read further for a discussion of these considerations here.
As more and more participants are accustomed to receiving information electronically, it is tempting to plan sponsors to dispense with paper altogether. However, not all communications can be provided in this manner. This article reviews the types of participant communications that are permitted by ERISA to be sent electronically: Participant Notices.