Participants need a moment to focus on their finances in a fun and engaging way, and the Plan Sponsor Council of America (PSCA) has just the thing.
It’s designated the Friday after Labor Day as 401(k) Day—a day to focus on retirement planning and preparation.
This year’s education campaign features three bingo cards, each centered on one of the three “Rs” of the campaign and providing a list of tasks and items to consider on topics ranging from budgeting to debt, credit, and of course saving in your workplace retirement plan.
“Let’s face it, retirement savings has not been top-of-mind for most employees during the last 18 months of juggling pandemic-related concerns and a myriad of other priorities,” Will Hansen, PSCA’s executive director, said in a statement. “This campaign is designed to provide a fun and quick way for participants to take a moment to consider their financial futures. Though it may not seem to be a pressing concern at the moment, their future selves will be glad they took a moment to ensure their finances are on track to a secure retirement.”
More information
All materials are available on PSCA’s website and can be downloaded free of charge to use for the upcoming 401(k) day on September 10th, or for use later in the year.
The resources can be customized with a company logo, plan name and the plan’s contact information. Past campaigns are also available to PSCA members at www.psca.org/401kday.
However one chooses to celebrate 401(k) Day this year, the organization asks that individuals tweet photos including the hashtag #401kday, tagging us at @PSCA401k, as well as share them with us on LinkedIn.
“After such a challenging year and a half focusing on the pandemic, we thought it would be helpful to provide resources to help employees take care of their finances,” added Tobi Davis, PSCA’s director of operations. “By leveraging tools PSCA has developed over the years, plus new tools and resources, we created a campaign that is entertaining and educational to help employees evaluate their finances and their retirement savings.”
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.