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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.
Reported by PLANADVISER staff
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.
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.