PLANSPONSOR - February/March 2019 - 21

Speaking the Same Language
Plan terms that have different meanings
can create barriers to confident
participant decision-making.
contribution
('käntr'byoo
-
SH( )n).
Gift or donation to charity
match (maCH).
Something to light
a fire with; an athletic
competition; the product
of a dating service
deferral (d 'f r l).
The act of putting
something off
Millennials in particular
?
found some terms difficult
to understand, such as:
Plan participant
63%
Millennial
respondents
44%
Total
respondents
Defined contribution
retirement plan
88%
Millennial
respondents
According to survey responses*,
participants' preferred term for the
percentage of their paycheck that
they save in their retirement plan:
Contribution rate
43%
How much of your paycheck
you automatically deposit in
your retirement account
Retirement savings
percent (or rate)
Savings rate
Deferral rate
18%
16%
14%
9%
* " Boosting the Effectiveness of Retirement Plan
Communications, " Empower Institute
Employers can
help participants
by making
retirement
communications
clear and free of
industry-speak.
Some examples
of jargon are:
Allocation
Registered
investment
adviser
Rollover
Withdrawal
strategy
Retirement
income
Retirement
readiness
Source: Empower Institute
Managed
account
vs.
Professional
account
management
Assets
Sometimes just a few
additional words can help
explain a term that people
otherwise find confusing.
Original
term
Match
vs.
vs.
Clarified
term
Employer
match
Retirement
savings and
investments
76%
Total
respondents
PLANSPONSOR.com February - March 2019 21
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PLANSPONSOR - February/March 2019

Table of Contents for the Digital Edition of PLANSPONSOR - February/March 2019

Asset Consolidation
2019 Plan Sponsor of the Year Finalists
2019 Best in Class 401(k) Plans
Systematic Income
The Best of Both Worlds
Plan Defense
Picture Yourself
PLANSPONSOR - February/March 2019 - C1
PLANSPONSOR - February/March 2019 - FC1
PLANSPONSOR - February/March 2019 - FC2
PLANSPONSOR - February/March 2019 - C2
PLANSPONSOR - February/March 2019 - 1
PLANSPONSOR - February/March 2019 - 2
PLANSPONSOR - February/March 2019 - 3
PLANSPONSOR - February/March 2019 - 4
PLANSPONSOR - February/March 2019 - 5
PLANSPONSOR - February/March 2019 - 6
PLANSPONSOR - February/March 2019 - 7
PLANSPONSOR - February/March 2019 - 8
PLANSPONSOR - February/March 2019 - 9
PLANSPONSOR - February/March 2019 - 10
PLANSPONSOR - February/March 2019 - 11
PLANSPONSOR - February/March 2019 - 12
PLANSPONSOR - February/March 2019 - 13
PLANSPONSOR - February/March 2019 - 14
PLANSPONSOR - February/March 2019 - 15
PLANSPONSOR - February/March 2019 - 16
PLANSPONSOR - February/March 2019 - 17
PLANSPONSOR - February/March 2019 - 18
PLANSPONSOR - February/March 2019 - 19
PLANSPONSOR - February/March 2019 - 20
PLANSPONSOR - February/March 2019 - 21
PLANSPONSOR - February/March 2019 - Asset Consolidation
PLANSPONSOR - February/March 2019 - 23
PLANSPONSOR - February/March 2019 - 24
PLANSPONSOR - February/March 2019 - 25
PLANSPONSOR - February/March 2019 - 2019 Plan Sponsor of the Year Finalists
PLANSPONSOR - February/March 2019 - 27
PLANSPONSOR - February/March 2019 - 28
PLANSPONSOR - February/March 2019 - 29
PLANSPONSOR - February/March 2019 - 30
PLANSPONSOR - February/March 2019 - 31
PLANSPONSOR - February/March 2019 - 32
PLANSPONSOR - February/March 2019 - 33
PLANSPONSOR - February/March 2019 - 34
PLANSPONSOR - February/March 2019 - 35
PLANSPONSOR - February/March 2019 - 36
PLANSPONSOR - February/March 2019 - 37
PLANSPONSOR - February/March 2019 - 38
PLANSPONSOR - February/March 2019 - 39
PLANSPONSOR - February/March 2019 - 40
PLANSPONSOR - February/March 2019 - 41
PLANSPONSOR - February/March 2019 - 2019 Best in Class 401(k) Plans
PLANSPONSOR - February/March 2019 - 43
PLANSPONSOR - February/March 2019 - 44
PLANSPONSOR - February/March 2019 - 45
PLANSPONSOR - February/March 2019 - 46
PLANSPONSOR - February/March 2019 - 47
PLANSPONSOR - February/March 2019 - 48
PLANSPONSOR - February/March 2019 - 49
PLANSPONSOR - February/March 2019 - 50
PLANSPONSOR - February/March 2019 - 51
PLANSPONSOR - February/March 2019 - 52
PLANSPONSOR - February/March 2019 - 53
PLANSPONSOR - February/March 2019 - Systematic Income
PLANSPONSOR - February/March 2019 - 55
PLANSPONSOR - February/March 2019 - The Best of Both Worlds
PLANSPONSOR - February/March 2019 - 57
PLANSPONSOR - February/March 2019 - Plan Defense
PLANSPONSOR - February/March 2019 - 59
PLANSPONSOR - February/March 2019 - Picture Yourself
PLANSPONSOR - February/March 2019 - 61
PLANSPONSOR - February/March 2019 - 62
PLANSPONSOR - February/March 2019 - 63
PLANSPONSOR - February/March 2019 - 64
PLANSPONSOR - February/March 2019 - C3
PLANSPONSOR - February/March 2019 - C4
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https://www.plansponsordigital.com/plansponsor/march_april_2023
https://www.plansponsordigital.com/plansponsor/december_2022_february_2023
https://www.plansponsordigital.com/plansponsor/october_november_2022
https://www.plansponsordigital.com/plansponsor/august_september_2022
https://www.plansponsordigital.com/plansponsor/june_july_2022
https://www.plansponsordigital.com/plansponsor/excellenceawards_2022
https://www.plansponsordigital.com/plansponsor/april_may_2022
https://www.plansponsordigital.com/plansponsor/february_march_2022
https://www.plansponsordigital.com/plansponsor/december_2021_january_2022
https://www.plansponsordigital.com/plansponsor/october_november_2021
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https://www.plansponsordigital.com/plansponsor/june_july_2021
https://www.plansponsordigital.com/plansponsor/april-may_2021
https://www.plansponsordigital.com/plansponsor/february-march_2021
https://www.plansponsordigital.com/plansponsor/december-january_2021
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https://www.plansponsordigital.com/plansponsor/august-september_2020
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https://www.plansponsordigital.com/plansponsor/february-march_2020
https://www.plansponsordigital.com/plansponsor/december-january_2020
https://www.plansponsordigital.com/plansponsor/october-november_2019
https://www.plansponsordigital.com/plansponsor/august-september_2019
https://www.plansponsordigital.com/plansponsor/june-july_2019
https://www.plansponsordigital.com/plansponsor/april-may_2019
https://www.plansponsordigital.com/plansponsor/february-march_2019
https://www.plansponsordigital.com/plansponsor/december_2018-january_2019
https://www.plansponsordigital.com/plansponsor/october-november_2018
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https://www.plansponsordigital.com/plansponsor/december_2017-january_2018
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