Report to the Secretary of Labor

This document is about a report produced by the ERISA Advisory Council examining plan communication practices and plan design options that increase participation and savings for participants in general, as well as certain segments of the participant population. The report provides recommendations of best practices for participant communication and plan design that have been statistically proven to be effective. It also discusses the movement of participant assets out of defined contribution and defined benefit plans, and into retirement accounts not covered by ERISA, and provides ideas for plan administrators and participants to facilitate lifetime retirement plan participation.