A defined contribution plan “re-enrollment” has become a retirement plan industry best practice. The mechanism illustrates that the most prudent – and therefore safest – fiduciaries are not those who defensively opt for inaction, but instead are those fiduciaries who assess and understand what is in their
participants’ best interests and proactively take steps to further those interests.

Yet re-enrollment presents two broad categories of challenges. First, as a threshold manner, the terminology is confusing and misleading. Second, even upon overcoming the terminology, plan sponsors become paralyzed by preconceived notions of participants’ reactions and fiduciaries’ risk.

Download our paper by Matthew Eickman, J.D., AIF®, national retirement practice leader, for a fresh take on how a re-enrollment helps participants and fiduciaries alike to experience improved outcomes.