Active Employee Engagement Hot to Avoid Missing Participants

Today we'll be discussing active employee engagement and the Department of Labor's 2021 best practices around avoiding missing participants. These practices don't distinguish between active and ex-employees. The key to this is effective communication and obligatory distributions to all participants, making active employees a pivotal group for communication.

Plan sponsors must affirm that required plan notices are distributed to these active employees. As individuals often update their contact details without notifying HR or payroll, they may miss crucial information, including retirement plan notices. Best practices necessitate that plan sponsors validate the accuracy of census information. This involves implementing a process that insists on confirmation of census data from active employees.

This approach benefits employers regarding retirement plans and bolsters HR in maintaining accurate employee data. For more information on how to keep your plan compliant, reach out and contact us today. Thanks for watching, and have a great day!