KYP (Know Your Participant)
This participant is currently employed and contributing.
What is an Active Participant?
___% of participants identified "saving for retirement" as the area where they would like the most help from their employers.
53%
This engagement model selection requires enrollment in the newsletter, one annual seminar, and 90% of participants with additional education needs engaged.
What is Option A?
This service provider tracks participant balances, processes contributions, and provides online access to accounts.
What is Record Keeper?
This participant is eligible but not contributing to the plan.
What is an inactive participant?
___% of participants want their employers' help with getting the most value from their workplace benefits.
45%
This engagement model requires engagement, but does not require the newsletter to be turned on or an education event logged.
The employer that establishes and is legally responsible for the retirement plan.
What is plan sponsor?
This participant has left the employer but still has a balance - often creating rollover opportunities.
What is a terminated participant?
__% of participants want the ability to speak with a subject matter expert when making decisions.
49%
Participant engagement will be outsourced to the Home Office in this Engagement Model.
What is Option C?
The federal law governs retirement plans and protects participants?
What is ERISA?
These mandatory withdrawals begin at age 73 as of 2026.
What are Required Minimum Distributions (RMDs)?
This Morgan Stanley at Work platform gives plan participants access to retirement education content.
What is the Morgan Stanley at Work /Retirement Learning Center?
If advisors fail to meet engagement requirements, their payout drops to this percentage (on their grid rate).
What is 35%?
This product type is common for plans over $10 million where the advisors acts as a fiduciary consultant.
What is DC Consulting?
Participant identified by Path to Advice to have a higher likelihood to require support or guidance (aka: Account Balance of $150k+)
Hint: Part of Option A (Engaging 90% of...)
What is a Participant With Additional Educational Needs?
This monthly Morgan Stanley at Work initiative gives participants access to live educational sessions hosted by home office.
What is Webinar / Education Thursdays?
The date that teams have to get all of their plans on track with the Retirement Engagement Standards policy.
What is 12/31/2026?
This fiduciary can provide investment advice, but the plan sponsor retains final decision-making authority.
What is a 3(21) fiduciary?