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Three tips for a healthy group retirement plan

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22.01.2019

Scott Anderson | January 22, 2019

Since plan administrators and sponsors aren’t generally pension or group retirement specialists, they depend on information from consultants and record keepers to determine the choices they’re going to make within a group retirement plan.

They’re also inundated by outside information regarding what actions to take within the plan. All of this information can be overwhelming, so here are three main areas to measure a group retirement plan’s success.

1. Member experience

The member experience may be the most important ingredient in the recipe for a successful plan. The members are, after all, the end users of the plan. And the reason most employers have a plan is to attract and retain employees.

Are members getting what they want, in terms........

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