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Products September 23, 2004
The Alliance to Release New DC Participation Program
September 23, 2004 (PLANSPONSOR.com) - Citing a lack
of motivation and education as reasons for minimal
participation in defined contribution plans, The Alliance of
Fiduciary Consultants (TAFC) has announced the creation of a
new program aimed at increasing participation.
Reported by Kip McDaniel
The program, entitled ‘It’s your Money’, is composed of three separate elements:
- An interactive motivational employee exercise aimed at basic education as well as getting employees to join and take responsibility for their 401(k) plans.
- An optional half-day employee program providing an explanation of the structure and operation of defined contribution plans, as well as savings and investment strategies.
- A participant ‘tool kit’ that offers an employee workbook on savings and investment concepts, as well as a set of worksheets to help participants calculate savings levels and future payouts.
For more information, please visit TAFC’s Web site at www.thealliancefci.com.
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