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 15% advisor channel eligible participants 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%
To select engagement Model B, at least this percentage of participants must have contact information.
What is 50%?
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%
The engagement standards apply to advisors with at least this much prior year DC-revenue.
What is $80,000?
The federal law governs retirement plans and protects participants?
What is ERISA?
These mandatory withdrawals begin at age 73 as of 2025.
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 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 with >$500k in total wealth estimates (IXI Data).
Hint: Part of Option A (Engaging 15% of...)
What is Advisor Channel Eligible?
This monthly Morgan Stanley at Work initiative gives participants access to live educational sessions hosted by home office.
What is Webinar Wednesday (which is now Education Thursdays)?
These three plan types are excluded from engagement standards.
What are Taft-Hartley plans, government entity plans, and NQDC plans?
This fiduciary can provide investment advice, but the plan sponsor retains final decision-making authority.
What is a 3(21) fiduciary?