Reality Check
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David Hatter is featured in this Human Resources Executive article with a big focus on removing obstacles to investing in a defined contribution plan. Hatter says:
Auto-enroll, auto-escalate and auto-default will result in better participant outcomes at retirement and likely financially healthier school districts with higher test scores...and to think, it all starts with a simple idea - make it simple.
Scott Dauenhauer, CFP, MSFP, AIF
Meridian Wealth Management
www.meridianwealth.com
Click on the link above to goto the article.
David Hatter is featured in this Human Resources Executive article with a big focus on removing obstacles to investing in a defined contribution plan. Hatter says:
“If they have to go online, read a book, fill out a form, sign a form, make a phone call or wait on something, each one of those things is a hurdle,” says Hatter.“If you design the process so the easiest thing for them to do is to save the right amount in the right mix of investments, it will be a huge relief for them.”403(b) plans could take a hint from this advice. Removing barriers to getting school employees into defined contribution plans will increase enrollment much more than unleashing a sea of conflicted insurance agents on them.
Auto-enroll, auto-escalate and auto-default will result in better participant outcomes at retirement and likely financially healthier school districts with higher test scores...and to think, it all starts with a simple idea - make it simple.
Scott Dauenhauer, CFP, MSFP, AIF
Meridian Wealth Management
www.meridianwealth.com
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