Products September 17, 2010

SunTrust Offers Online Retirement Toolbox

SunTrust Banks, Inc. has introduced an interactive online Retirement Toolbox for businesses who choose SunTrust as their 401(k) plan provider.
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SunTrust’s Retirement Toolbox offers interactive educational resources tailored for each stage of retirement planning. According to a press release, it includes dozens of videos, articles, guides and calculators within four sections: Getting Started, Making Progress, Nearing Retirement and In Retirement.   

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To help drive enrollment, the Getting Started section includes tools such as a 401(k) Savings Calculator, while the In Retirement section emphasizes distribution options or income replacement planning.  

As part of SunTrust’s participant education program, plan sponsors can select added benefits including in-person group and/or individual meetings with a SunTrust retirement education specialist. Clients receive a program tailored to employee demographics, participant and average deferral rates and more, the announcement said.  

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