The vice president of Corporate Strategy and Development for the web tech pioneer in the 401(k) space talks advisor adoption, where we are in the tech lifecycle, and more.
In this video, Christen Marsenison from Envisage discusses the significant advancements in 401(k) technology and its impact on retirement planning. She emphasizes how modern tools are enhancing the efficiency of plan management and improving participant outcomes. Marsenison highlights the importance of integrating innovative solutions to meet the evolving needs of both plan sponsors and participants.
Marsenison explains that leveraging data analytics and automation is key to optimizing plan administration and personalizing participant experiences. These technologies enable better decision-making and help participants achieve their retirement goals more effectively. She also discusses the role of education in empowering employees to make informed choices about their retirement savings.
The conversation further delves into future trends, suggesting that continuous technological evolution will shape the 401(k) landscape. Marsenison stresses the necessity for the industry to stay ahead of these changes to provide robust and adaptable retirement solutions. Overall, the video underscores the transformative potential of technology in the retirement planning sector.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
