Plan Participation Management
Improving Participation & Preparing Participants to be Retirement Ready
Trust Your Participants’ Success to Us!
Our Participation Management approach creates successful outcomes for plan participants while allowing plan sponsors to get out of the plan administration business and focus on their core business. All we need from you is accurate employee data – we’ll do the rest.
Customized Education & Enrollment
CecilCo will provide your company with a customized communication program designed to educate and empower participants and increase participation level. From plan conversion to ongoing retirement planning efforts, we’ll support your employees with quality materials, tools and seminars to help them make informed decisions.
Live Participant Service Team
In addition to the now common 24/7 automated VRU and WEB systems offered by our preferred platform partners, our assigned live multi-lingual 401(k) representatives are plugged directly into the custodial recordkeeping systems to assist participants in obtaining REALTIME info. CecilCo participant service representatives provide particpants with assistance with distributions, loans, hardship requests as well as general account questions that normally would fall to the employer's staff as normally required under section 3(16) of ERISA.
CLICK HERE for more on our 3(16) Fiduciary Support .
Benchmarking Participation Statistics
We regularly measure a variety of participation rates, transaction activity and investing statistics to help gauge the health of your plan. We then compare these data points to national and sometimes industry averages. What is often revealed will help formulate a strategy of improved plan design, enrollment campaigns and investment solutions – all focused on improving the performance of the plan for all participants.
Sources of survey data include The Annual Plan Sponsor Magazine Survey, Plan Sponsor Council of America, The Vanguard Group, Inc., Deloitte Development Group, Aon Hewitt,