As you work to change your benefits plan for the better, you should also be communicating these changes to your employees.

"The signal from our stakeholders that ESG matters continues to grow," said Ben Myers, VP of sustainability at Boston Properties.

Doing the conversion during a period of decline in the markets can be smart move and provide a solid planning opportunity in this otherwise bleak environment.

As a plan sponsor, what you say and the way you say it will play a vital role in helping employees navigate a sea of financial challenges.