Three ways digital 401(k) improves results

Give plan participants—and administrators—the advantages of retirement planning technology improvements.

Advancing digital technology continues to transform the 401(k) experience for plan sponsors and participants. If your credit union, like many, still uses mostly paper-based procedures for 401(k) enrollment and distributions, consider these three key advantages of a digitally based program.

Digital Advantage #1: A personalized experience that helps employees easily and effectively manage their 401(k).

Engaging your participants in actively managing their 401(k) program starts with how easy it is to access their account information. They should be able to log-on to their account with their device of choice—desktop, tablet or smartphone—and easily do what they need to do.

Most credit unions already provide online banking services that members can use easily on any device, right? So, give your 401(k) participants the same type of experience. They should be able to view their account information, change investment funds and contribution percentages, etc., easily from any device, anywhere.

 

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