Plan Sponsor Category
The Eddy Awards recognize plan sponsors’ outstanding efforts to educate employees about how to invest their defined contribution plan assets wisely for retirement.
Entrants must be companies or other institutions sponsoring defined contribution plans that give employees investment choice. The entries must be submitted by the plan sponsor, although the educational materials may have been developed with the help of outside suppliers.
Remember: Materials may include both print and online components as part of a single entry for all categories.
Entries will not be judged if the plan sponsor information on the form is incomplete.
Initial Investment Education
Entries should introduce existing employees to the investment options of a new or modified plan, or new employees to the investment options of an existing plan. Entries must focus heavily on the investment process. May include both print and online materials as part of a
Ongoing Investment Education
Entries should reinforce all or part of your earlier investment education efforts, or change participant investment behavior. May include both print and online materials as part of a single entry.
Showcase special investment education and communication programs with entries as simple as a single postcard or Flash file or an e-mail, rather than a full campaign. Entries can focus on one objective, such as launching new investment options, trying to increase the employee deferral, or educating participants to more broadly diversify their asset allocations. May include both print and online materials as part of a single entry.
This category recognizes campaigns devoted to explaining the transition to a new service provider. These entries do not have to contain all of the investment education expected in initial and ongoing education. May include both print and online materials as part of a single entry.
Fee Disclosure and Education
While the importance of fee disclosure is usually recognized by plan sponsors, effective education and communication about fees is a relatively new and evolving component of investment education. This category will reward outstanding efforts to educate plan sponsors about fees, and to clearly and effectively disclose fees to participants. May include both print and online materials as part of a single entry.
Training and Advocacy
Show your most creative efforts at educating the employees who provide investment education to plan participants or creating advocates from your employee ranks – such as store managers - even if they don’t work for the department overseeing the plan. May include both print and online materials as part of a single entry.
The entries will be judged on the effectiveness and completeness of their investment education messages, except where noted. These are programs that best educate about, and encourage, sound investment practice. The entries should have a clear discussion of such concepts as risk and return, diversification, compounding, the impact of inflation on accumulated assets and the risk and return characteristics of each investment option offered. Successful entries in all categories will be creative and will have strong identification with the plan sponsor.
Generic vendor materials will not win if they have not been significantly modified and tailored to the plan sponsor entering The Eddy Awards.
Entries must be accompanied by a letter containing evidence of the effectiveness of the program, e.g., an increase in participation or a change in the average asset mix.
For all entries that include online components, the URL or temporary user ID and/or password - valid through March 16, 2012 - must be provided.
NOTE: Please complete and return this entry form together with ONE set of your educational materials. Use a separate envelope and entry form for each category entered; multiple entries may be boxed for mailing only. Do not mount entries on boards. Entries will be returned only if accompanied by an appropriately sized self-addressed envelope.
Plan sponsor entries must include documentation that plan executives approved the submission (if they did not submit the entry themselves).
Please do not include PowerPoint presentations with your entry. They will not be judged.
$95 per entry. Please include credit card information on the last page of this entry form. If submitting multiple entries, please fill in the credit card details for each submission. If your are submitting multiple entries and would like to pay by check please contact Kevin Olsen at (312) 649-5407 for details.
Pensions & Investments
360 North Michigan Avenue
Chicago, IL 60601-3806
Questions? Contact Kevin at (312) 649-5407 or email [email protected]
NOTE: Please complete and return this entry form together with ONE example of your educational materials. Use a separate envelope and entry form for each category entered. Do not mount entries on boards. Materials will be returned only if accompanied by an appropriately sized self-addressed envelope.
SUBMISSION DEADLINE: OCTOBER 14, 2011