Know Your Numbers for 401(k) Day

New campaign from PSCA provides benchmark checklists for plan sponsors and participants.

The Plan Sponsor Council of America (PSCA) has released a new campaign to help American workers better understand their retirement plan and retirement readiness by “Knowing Your Numbers.” PSCA, part of the American Retirement Association (ARA), is the leading association for defined contribution plan sponsors in the U.S.

The Friday after Labor Day has been designated 401(k) Day – a day to focus on retirement planning and preparation.  In conjunction with that focus, PSCA has unveiled a special education campaign featuring a checklist for plan participants to help them organize important information they may need for retirement.

“Plan sponsors and participants often don’t know where to start to evaluate their plans or where they are in preparation for retirement,” said Will Hansen, PSCA’s executive director. “This year’s campaign provides a simple way for participants to gather information about their plan and where they stand in a single place. To help employers spread the word, the campaign includes a full suite of graphics for a digital and print campaign – and even provides checklists for plan sponsors to evaluate their own plans.”

All materials are free and available on PSCA’s website where they can be downloaded for use in conjunction with the upcoming 401(k) day on September 9th, or anytime throughout the year. The resources can be customized with a company logo, plan name and the contact information. In addition, past education campaigns are also available to PSCA members at www.psca.org/401kday.

However you choose to celebrate 401(k) Day this year, be sure to tweet photos including the hashtag #401kday, tagging us at @PSCA401k, as well as share them with us on LinkedIn.

“We know that plan sponsors and participants lead busy lives, so PSCA’s Education and Communication committee wanted to create a straightforward and easy-to-implement campaign to help participants quickly gather information on their retirement savings and provide a snapshot of where they stand,” said Tobi Davis, PSCA’s director of operations. “We wanted to help you ‘know your numbers’ in a simple and meaningful way to help keep retirement plans – and retirement planning – top-of-mind.”