Pandemic Shows That Employees Are Open to Virtual Employee Education

Edward A. Wodarczyk, Esq., ewodarczyk@tuckerlaw.com, (412) 594-3920

Employee education is one challenge always facing retirement plan fiduciaries.  According to one report, employees flocked to online retirement education in 2020 and were less likely to cancel attendance and more likely to choose on-demand sessions than in 2019.  One third of one participant population chose to view virtual material at a time of their choosing rather than attending live online sessions, representing a 207% increase in attendance at on-demand sessions compared to 2019.  This report also claims that employees prefer holistic personal finance help over plan-specific topics.  For more about this report, see article.

For more information on retirement planning, Contact Ed Wodarczyk at ewodarczyk@tuckerlaw.com.