Attn School Employers: Another Simple Retirement Hack
403b.substack.com
In my last post I explained how moving from dollar based salary reduction agreements (SRAs) to percentage based ones can increase participant retirement accounts. There are a number of small things that employers can do to increase the amount of money being contributed or the number of participants contributing. While a single vendor relationship combined with auto-enroll and auto-escalate would be the best route, this isn't the reality in many 403(b) plans, so coming up with simple ways to increase enrollment or contribution levels is important.
Attn School Employers: Another Simple Retirement Hack
Attn School Employers: Another Simple…
Attn School Employers: Another Simple Retirement Hack
In my last post I explained how moving from dollar based salary reduction agreements (SRAs) to percentage based ones can increase participant retirement accounts. There are a number of small things that employers can do to increase the amount of money being contributed or the number of participants contributing. While a single vendor relationship combined with auto-enroll and auto-escalate would be the best route, this isn't the reality in many 403(b) plans, so coming up with simple ways to increase enrollment or contribution levels is important.