Defined contribution participants are becoming more demandingwhen it comes to the “customer experience,” and their401(k) plans are no exception.

That's according to a research paper from Broadridge, which said that a “revolution” is underwayin the retirement industry as new tools and technologies providenot just new ways for providers to interact with participants, buthigher standards on the part of those participants who have becomeused to customized interactions and multichannel methods ofcommunication.

The focus on “customer experience,” coming as it does along withdigital marketing's rise, has resulted in a similar approach byretirement plan providers: the “participant experience.”

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