Browsing Tag
401(k) Automatic Features
25 posts
401(k) automatic features are plan design tools that streamline employee participation and savings. They include automatic enrollment, which enrolls eligible workers into the retirement plan by default unless they opt out, and automatic escalation, which gradually increases employee contribution rates over time. These features aim to boost participation, improve savings outcomes, and help employees prepare for retirement with minimal effort.
Participants Admit Auto-Enrollment Kickstarts the Retirement Savings Journey
Principal research finds more than 8 in 10 say automatic features helped them start saving sooner
How America Saves: At an All-Time High, By This Standard
Vanguard’s latest comprehensive analysis of nearly five million 401k accounts shows participants are saving 7.3% of their income
How to ‘Materially Reduce’ Retirement Savings Deficits Across Races
The study also examined adding retirement plan employer matching contributions for student loan debt repayments
A Brief History of 401(k) Auto Portability (and Why it Matters)
It's at least eight years in the making
4 Reasons Why 401(k) Auto Portability Can’t Wait
The fact is auto portability is here and working
KPMG Makes Company 401(k) Contribution Automatic
Consulting giant swaps out company match for automatic firm contribution up to 8%, regardless of whether employee contributes or not
401k Auto-Portability Takes ‘Giant Leap Forward’ with Vanguard, RCH Deal
Service providing plan sponsors with a new portability solution to simplify small-balance 401k rollovers expected to launch in mid-2022
Retirement Expectations Don’t Align with Savings Behaviors for Many Over 40
Shocker: Many people over 40 have unrealistic retirement income expectations due to their own subpar savings behavior. According…
Lifetime Income Solution Added to Lincoln’s YourPath Target Date Suite
Post SECURE Act, momentum for protected lifetime income products within retirement plans continues to build. Another step was…
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%)…