Explain 401K benefits in a way that reached the audience, is easy tof them to understand and emphasize the advantages of a 401K. How can you explain this benefit during employee orientation so that it results in high participation, less confusion and fewer phone calls for clarification.
At any company I have worked for this is provided by the 401k administrator. They usually have meetings each year with any interested employee. (this may be law) You are legally bound NOT to influence employee's decisions. Yes, 401k's are great asset, but your not the one to tell your employee's. The only thing an employer can do is offer better "matching funds", but again.....NO persuasion. You should check the IRS rules for employers regarding 401K. 401K is named for the IRS code that regulates them. |
