Thursday, July 13, 2006

Shoebox 401K

From the land of finance, this bit from Investment News:

CHICAGO - In an unusual move, Metrics Partners has begun creating 401(k) greeting cards to send to plan sponsors. Sending out greeting cards to third-party administrators will help them retain business with plan sponsors ...

"Personal greeting cards seemed low technology but a touchy-feely way to stay in touch," he said. "It's a real effective way for a 401(k) company to communicate with their customers."


Touchy-feely communications for a not-so-emotional business. Like a go-between for emotion.

The cards can be customized.

"I've talked with a couple of [third-party administrators] who wanted to make them funny," Mr. Adams said. "I also talked with banks that are more conservative, and they want cards that are more conservative."


Makes sense -- and at $3 per card, lucrative sense.

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