Many employees say more and easier to understand information about their employer-sponsored retirement plans would encourage them to save more, highlighting the need for benefit advisers to work with employers to increase retirement plan education and communications and to tailor them to an employer’s specific employee population.

Twenty percent of employees surveyed for Aegeon’s 2014 retirement readiness survey say that more frequent access to information about their retirement savings would encourage them to save more. Likewise, communications tailored to a particular employee group has had better results engaging employee participation in retirement plans than the “one size fits all” philosophy, according to the U.S. Department of Labor’s ERISA Advisory Council 2013 report on plan communications.

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