Proper Communication with Employees

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Today we want to talk about how to best ensure proper communication with employees.

In 2021, the Department of Labor emphasized the importance of staying connected with all participants in a company's retirement plan. This doesn't just include former employees; it's especially significant for active employees as well. Believe it or not, it's the active employees, folks still working at the company who often miss out on essential communication.

The reason is because over time, they might move houses, switch emails, or change phone numbers. When they do, they might forget to let their HR team know. So, even though they're still with the company, they might not get all the necessary information about their 401(k) benefits.

The Department of Labor stresses that companies should make sure their records are up to date. It's not just about the retirement plan. Having current contact details helps HR in other areas too, like reaching out about other benefits, preparing for emergencies, or sharing essential company news.

For more information about ensuring proper retirement plan communication with employees, contact us today.