Plan sponsors try to educate defined contribution plan participants about retirement, but the standard methods are not necessarily very effective at changing participant behavior. However, personalized programs yield dramatically different results, according to "The Evolution of Participant Communication: The Value of Personalization.," a report on the results of a study by Fidelity Investments.

"As the responsibility of saving for retirement continues to shift more heavily toward the individual, traditional customized workplace retirement plan communication and education programs will soon no longer be enough," said Steve Deschenes, executive vice president of Fidelity Institutional Retirement Services Company, the nation’s largest 401(k) provider. "Our first|PERSON study shows that individualized communication and education platforms drawing on personal account information provided by the plan can fill this void, and produce measurable results that prove they are helping participants move the retirement readiness needle."

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