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.
CITGO Pauses 401(k) Match, Plans to Cut Salaries Jan. 1
When the price of oil drops for prolonged periods of time, the trickle-down effect can reach all the…
Massive New Retirement Bill Would Expand, Mandate Auto-Enrollment
Section 101 of the Securing a Strong Retirement Act of 2020—also being called “SECURE 2.0”—is titled, “Expanding automatic…
SECURE Act 2.0 Legislation Introduced—And Wow!
Expand auto-enrollment, provide incentives for small businesses to offer plans, increase the RMD age to 75, allow for…
Voya Program Boosts Retirement Savings for Minority-Owned Businesses
Voya has launched a new initiative to assist businesses owned by minorities, women, veterans, and members of the…
Automatic 401k Plan Features Proved Themselves in Market Meltdown
Score one for the “auto” revolution. Automatic plan features helped millions of 401k participants adhere to their financial…
Auto Enrollment in DC Plans Hits 69%, But Could Plateau Soon
The adoption of auto enrollment in defined contribution (DC) plans grew to 69% in 2019, up from 60%…
By Default: DC Plan Adoption of Auto Features Still Rising
Nowadays, employees have to “opt out” more than they have to “opt in” when it comes to company…
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…
401(k) Millionaire Ranks Grow Again in Q4 2019
The number of 401(k) millionaires continues to grow, reaching record levels at the end of 2019 according to…
Is Adoption of Innovative 401(k) Plan Features Over?
Innovation in the 401(k) space since the passage of the Pension Protection Act in 2006 has led to…