While a tax-exempt retirement plan might look good on paper, it could likely use a little work in order to hit the right notes with employees. Aaron Friedman, national practice leader at The Principal Financial Group, provides some best practices to aid in creating a proper, effective participant education plan.
1. Draft an education policy statement. It’s as important as an investment policy statement. It should clearly state the objectives of participant education, and include ways to measure progress toward those objectives.
