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.
TAPO Kathleen Kelly Adds Insight to Case Study of $2B Lenovo 401(k) Plan
Here at 401(k) Specialist, we’re proud of all our Top Advisor by Participant Outcomes (TAPO) honorees over the…
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…
It’s Like 401(k) Groundhog Day in America—Again
The 401(k) is 40-plus years old. We’ve progressed but we haven’t come close to reducing racial and ethnic…
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…
How Employers Can Ease Escalating Employee Financial Stress
Lots of people are experiencing financial stress these days as a results of the COVID-19 crisis, but an…