The World Wide Web has yet to snag most plan sponsors, when it comes to benefits communication.
Only 29% of companies use Web sites for plan communication with employees, according to survey by the International Foundation of Employee Benefit Plans, Brookfield, Wis. Of those, most have used the technology for two years or less.
Sixty-six percent of 433 corporate benefit professionals said their primary concern in using Internet/Intranet technology is that most employees will not have access to it. Lack of employee familiarity with technology and security of data also topped the list.
Benefits departments most commonly use the Web for employee access to account balances, quarterly reports and fund performance.