Scanning for news this morning, I came across an interesting post over at PlanSponsor.com. It’s editor Nevin Adams had received a note from a reader who’d had a light-bulb moment about using a recent tax reduction as a communication point to get 401(k) plan participants or nonparticipants to begin or boost contributions.
“It occurred to me that the temporary 2% reduction in the employee portion of the Social Security Tax is a great opportunity for participants to increase their 401(k) contributions without reducing their net pay,” the reader noted, and also shared the communication he sent to plan participants:
