Best Practices for Increasing Employee Savings Retirement industry experts recommend that workers save at least 15% of their annual salaries throughout their careers in order to comfortably retire. Although your Y contributes to eligible employees’ accounts in the Retirement Plan, each employee should also save an additional percentage on their own in order to reach the 15% recommendation. We polled YMCAs with the highest rates of 403(b) Smart Account participation among staff. Learn their best practices to encourage your employees to save with the Fund. We Found That The Best Practices Include: Teaching every new employee about the 403(b) Smart Account and providing applications. Posting information about the Fund on the Y’s intranet, including links to the Fund’s website. Posting printed information about the Fund in the Y’s employee commons area. Sending periodic email blasts, encouraging staff to open a 403(b) Smart Account. Highlighting the Fund in the Y’s recruitment materials. Providing each employee with their own “total compensation statement,” highlighting what the Y has contributed to the Retirement Plan that year on their behalf. Promoting the Fund at the Y’s annual benefits fair. Promoting the Fund at any mandatory staff meeting. Encouraging staff “virtual attendance” at the Fund’s webinars, perhaps setting up a conference room with screen to accommodate everyone.