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.
What Mandatory Auto-Enrollment IRAs Actually Mean
'As an added incentive, the proposal would subsidize retirement savings through a refundable Savers Credit at tax time'
ARA’s Graff Projects 51 Million New Retirement Savers if Two Bills Get Passed
Brian Graff, CEO of the American Retirement Association and Executive Director of NAPA, shared some eye-opening projections during…
Further Proof that Auto-Enrollment is Key to Saving Earlier for Retirement
If you automatically enroll them, they will save… sooner. A new survey has found the vast majority (84%)…
ExxonMobil Restarting 401(k) Match; American Express Doubling Auto-Enroll Percentage
Some good news about a couple of large corporate 401(k) plans in recent days, as ExxonMobil plans to…
5 Big Ways SECURE 2.0 Would Impact 401(k)s
Summary of five of the key changes currently included in proposed SECURE 2.0 legislation that would have the biggest impact on 401(k) plans.
401(k) Balances Hit Record Levels Again: Fidelity
Despite the financial challenges caused by the continued impact of the pandemic on the global economy, average balances…
Senate HELP Committee to Address Retirement Security Thursday
Momentum on Capitol Hill continues to build for addressing significant retirement reform legislation in 2021. Last week, H.R.…
401(k)-Friendly ‘SECURE 2.0’ Bill Advances in House
SECURE Act 2.0 expands retirement savings options, boosts small business incentives, and strengthens financial security for Americans.
New Data Further Showcases Power of Auto Enrollment
If anyone needed another example of the effectiveness of automatic enrollment, here you go… Automatic enrollment triples—yes, triples—the…
Neal Lays Out Ways & Means Priorities for Further Retirement Reform
House Ways and Means Committee Chairman Richard E. Neal (D-MA) has long been a champion of legislative retirement…