8 Steps to Successful Automatic 401(k) Enrollment

By Kevin Bowler, Client Manager II, Retirement Services

clock March 21, 2016 at 10:00 AM

According to the National Bureau of Economic Research, the overall 401(k) participation rate among American employees is pretty dismal. Given the significant advantages of the 401(k), such as employer match, favorable tax treatment, and the prospect of having more to live on in retirement, it seems like a no-brainer. Yet, getting everyone on board is not always easy—especially when employees are focused on meeting the demands of daily living.

As our case study shows, automatic enrollment is one remedy that can be particularly effective in increasing participation rates.

Case Study

A client approached us with a particular 401(k) challenge. With a workforce of primarily male, Spanish speaking employees earning $14-$18 per hour, the company was struggling with below industry participation in their 401(k) plan. How could we convince employees to start enrolling?

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Topics: Retirement

Tips on Saving for College

By Kevin Bowler, Client Manager II, Retirement Services

clock August 31, 2015 at 10:00 AM

With school in session, you may be considering how you’re going to fund your child’s college education. We understand that planning for this large expense can be stressful, so we’ve put together a short video that provides useful tips on how to pay for college.  

Learn more at http://www.bbretirement.com/

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Topics: Retirement

How to Reduce Your Debt

By Kevin Bowler, Client Manager II, Retirement Services

clock December 3, 2014 at 10:00 AM

With the holidays right around the corner,it can be tempting to spend more than usual on gifts, travel, and entertaining. Keep your finances under control by using these quick tips to manage and minimize your debt.

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Topics: Retirement

The Economic Reality

By Kevin Bowler, Client Manager II, Retirement Services

clock July 28, 2014 at 10:00 AM

Lack of financial literacy is creating stress and challenges for Americans today. Many of your employees don’t know where to look for help and welcome the financial guidance we provide. This is a particularly impactful video that puts today's economy into perspective. We encourage you to share this with your own employees as an engaging way to educate and offer them financial health tips!

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Topics: Retirement, Individuals

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