Investment education requirements are not only different from company to company but also from participant to participant. Not everyone has a great desire to become an investment expert. At most companies participants have a wide range of experience
with investing from complete novice to a couple of decades of experience. Your educational
effort needs to address the needs of both groups.
| What we will look at... |
What we will need to perform this task... |
|
Your participant support model |
Do you have an advisor? Does your provider provide support services? What is the experience level of the people that support your plan and participants? |
| Are you paying for educational support? |
Is education support included in your arrangement with your service providers? Do
you have to pay extra for in person meetings? |
|
What level of demand for guidance and education is desired for you plan and by your
plan participants |
Would your employees benefit from one-on-one meetings? What level of education
is best for your plan participants? Should your plan just offer more target based
or lifestyle type fund? |