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The benefits balancing act


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Creating retirement buzz

Published Friday, August 01, 2008

Project: Retirement plan campaign Jurisdiction: Milwaukee County, Wis. Agency: Select Committee on Deferred Compensation Vendor: White Plains, N.Y.-based Great-West Retirement Services Date: December 2007 Cost: $4,156 To motivate employees who had not committed to using the Deferred Compensation Plan to save for retirement, Milwaukee County, Wis., officials offered a “fee holiday” from the second quarter of 2007 through the end of the year. During the holiday, the plan waived administration fees — which average $20 and 0.24 percent of the account balance annually — for all employees so more of each contribution went into the employee's retirement account. ...

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