Veronica Lee, Senior Vice President of Client Services, was recently quoted in the article “Strategies to get nonnative speakers into retirement plans,” published in Business Insurance. The article explores proactive strategies to boost 401(k) plan participation of employees with English as a second language.
“A plan structure that includes automatic enrollment into a diversified portfolio and automatic increases (of amounts employees defer into their accounts) helps all participants save for retirement, but it's critical for those with English as a second language,” because saving decisions are simplified for them, said Veronica Lee, senior vp of client services at 401(k) Advisors Inc., an Aliso Viejo, Calif., consultant.
For more information on this topic, please contact your 401(k) Advisors plan consultant or email help@401kadvisors.com.
