Browsing Tag
401(k) Auto-Enrollment
107 posts
401(k) auto-enrollment is a retirement plan feature where employees are automatically enrolled in their employer’s 401(k) plan at a preset contribution rate unless they choose to opt out or adjust it. This helps increase participation and savings by making enrollment the default choice, making it easier for employees to start saving for retirement without needing to take initial action.
Morningstar Study Analyzes Top Retirement Systems Around the Globe
The recent paper dives into the complexities, nuances, and parallels of eight countries with top-rated retirement planning systems
How HSA Plans are Starting to Resemble 401(k)s
More employers are embracing 401k-like features for their Health Savings Account programs according to a new Plan Sponsor Council of America study.
OregonSaves has ‘Meaningfully Increased Employee Savings’
New research shows first state-sponsored auto-IRA program works by eliminating “search costs” associated with learning about and enrolling in an IRA
Are Automatic 401(k) Features Friend or Foe?
Plan sponsors often fixate on the short-term feelings of employees over their long-term retirement readiness
Defaults Matter: T. Rowe Price Analysis Shows Just How Much
The latest example of how 401ks employing auto-enrollment and auto-escalation together boost outcomes
Hawaii Approves State-Run IRA, but Minus Auto-Enrollment
Curious decision means enrollment in the new program will be voluntary
‘Auto Reenroll Act of 2022’ Seeks to Boost 401k Participation
Bill introduced in Congress Friday by Sen. Tim Kaine and Rep. Kathy Manning would encourage retirement plan sponsors to reenroll workers every three years to help them take advantage of matching contributions
Reevaluating 3 Key Components of 401(k) Plan Design to Make a Difference
Without question, the retirement readiness of American workers needs to improve
Most Common 401k Default Deferral Rate No Longer 3%—It’s Better!
Plan Sponsor Council of America’s 64th Annual Survey reveals that for the first time, 6% is now the most common deferral rate
SECURE Act’s Impact on Retirement Plans (So Far)
A record number of employees are eligible for and participating in 401k plans, likely spurred by the 2019 SECURE Act provisions, PSCA finds