A prominent theme among the six winners of the 2016 Excellence & Innovation Awards was the use of technology to improve participantsí financial education and contributions, and the use of targeting strategies to achieve the same goals.
Dana Hammonds won an Excellence & Innovation Award for helping a unique population: young professional athletes who must plan for retirement in their 20s or 30s because their careers can be quite short.
Erika Kirchner won an Excellence & Innovation Award for giving 401(k) plan participants a choice.
Concerned that employees weren't taking full advantage of retirement savings opportunities at BlackRock Inc., Katie Nedl orchestrated an interactive video campaign to encourage greater participation and investment.
Sheila Rowaily, head of investment management at Saudi Arabian Oil Co., developed the Idikhar Savings Plan, which enables these employees to pursue more options while remaining faithful to Shariah investing principles.
Communication, convenience and cost prompted Neil Saxton to take a high-tech approach to encourage greater participation and engagement among participants in the Health Employees Superannuation Trust Australia.
Shirley Zabiegala, director of savings and retirement for Nestle USA Inc., won an Excellence & Innovation Award for redesigning a financial wellness program that caters to different participants' interests and skills.
Excellence and Innovation Award winner Katie Nedl, COO of BlackRock Inc.'s U.S.-Canada defined contribution group, shares how a unique, interactive video helped drive understanding of 401(k) savings strategies and increase participant contribution levels among the money managerís 6,788 eligible employees.
Excellence and Innovation Award winner Neil Saxton, executive-engagement strategy at HESTA, outlines the superfundís digital-first approach to communication that arose after research showed that plan participants were primarily engaging with HESTA through their mobile device. That led to the launch of a digital membership card.