16.11.2017 08.22 GMT+0000
Legally required reporting and disclosure materials provide employees with lots of information- but not enough insight. As a result, billions of dollars are rolled over each year into costly financial products.
Employers’ communication to employees about their retirement plans are designed to comply with various legal requirements.
Compliance with government required reporting and disclosure requirements gives participants lots of information – and pieces to the retirement puzzle. However, in their efforts to comply with these requirements, participants are not provided enough to assemble the disparate pieces of information available. And, there are some key pieces missing.