Defined contribution (DC) plan participants can have a hard time understanding even the most basic terms used to describe their plans—and the retirement plan industry is rife with jargon. But using simpler explanations such as “portfolio vs. fund” can appeal to participants and help plan sponsors bolster their communications.
Invesco’s 2021 Defined Contribution Language Research shows sponsors what makes sense to their employees. The research delves into ways to:
- Demystify the retirement plan’s investment menu;
- Explain why staying in the plan after retirement can be a good idea; and
- Communicate clearly with participants.
Download the research summary to learn more about our key findings.
FOR DEFINED CONTRIBUTION PLAN SPONSOR USE ONLY
This material is based on Invesco’s work with Maslansky + Partners. Invesco is not affiliated with Maslansky + Partners. This material is for illustrative, informational and educational purposes only. Words and phrases utilized should always be appropriate, applicable and provable. We make no guarantee that participation in this program or utilization of any of its content will result in increased business or higher participant rates.
This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.
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