Browsing Tag
401(k) Auto-Default
8 posts
In the financial world, a 401(k) Auto-Default refers to the automatic enrollment of eligible employees into an employer-sponsored retirement plan at a preset contribution rate and investment option, unless the employee actively opts out or makes different choices. This feature is designed to increase participation, encourage savings, and simplify decision-making for employees, helping them build retirement security without requiring immediate action.
Public Employees More Likely to Opt for Default Investments in DC Plans
New MissionSquare Research Institute study shows more than 80% of public defined contribution plan participants accept the default option
Automatic for the People: Workers Want “Extreme” 401k Plans
More and more 401k participants want “extreme” automatic 401k plans from their employers, according to new research from…
Higher Auto-Defaults Dominate in Many DC Plans
The adoption of automatic enrollment features may be slowing, but plans that have embraced it are making huge…
Average 401(k) Deferral Rates Skyrocket
Market appreciation and an increase in default deferral rates sent participant account balances soaring in 2017. T. Rowe…
Big Boost in 403b Auto-Deferrals, But What About Auto-Enrollment?
Our better and more altruistic non-profit counterparts are reaping the benefits of auto-everything in their 403bs. The ninth…
401(k) Auto-Enrollment Grew by How Much?
Auto this and auto that, whether it’s enrollment, escalation and now portability, have greatly contributed to participation rates,…
What’s Happening With 401k Participant Eligibility?
Offer a 401k plan, and they will come—it’s the year-end message offered by the Plan Sponsor Council of…
Another Company Commits 401(k) Industry Heresy
Ready the pitchforks and torches. In an act of financial industry heresy, State Street Global Advisors has joined…