Top Employee Participation Stories
Surprise! Your participants don't understand 401(k) fees: GAO
By Michael S. FischerMore that 41% of survey respondents thought they didn't pay any fees on their 401(k), the GAO says.
A major challenge of human resources managers is to build awareness of and engagement with an employer's benefit offerings. This includes strategies and tips to drive employee elections in core and voluntary offerings during the open enrollment period, as well as ongoing promotion and utilization of benefits throughout the year. Topics also include overall employee engagement in the workplace... culture, productivity, satisfaction.
More that 41% of survey respondents thought they didn't pay any fees on their 401(k), the GAO says.