Congruent sheds light on the topics and questions that matter to you, so that you’re equipped with new ideas to innovate, in the competitive landscape of record-keeping and plan administration. Our in-house experts offer insights you can harness.
Why Eligibility Processing for retirement plans is an important and complex process
Categories : Retirement Technology
Author : Dhiraj
Defined Contribution (DC) plans are set up and managed for the exclusive benefit of employees and their beneficiaries. Therefore, it is very important to decide on the eligibility criteria for an employee to become a participant of a DC plan.
Automatic Plan Features, Planning Tools, Mobile Apps – What’s Next for the US Retirement Industry?
Categories : Blog
Tags : plan sponsor analytics DC record keeping Record Keeping Software Retirement technology Internet of Things IoT Mobile Apps Plan administrator Plan participant
Author : admin
Auto features like auto enrollment, auto deferral increase (ADI) have put millennials on path to retirement readiness# is a recent claim by the PLANSPONSOR® magazine. When we compare participation rates, saving rates, equity allocation percentages from a voluntary enrollment plan to those of an automatic enrollment plan, they are looking promising. In the PLANSPONSOR® study, 3.6% was the average deferral rate in a voluntary plan, and in the automatic enrollment plan it was 4.2%.