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.
The Power of Automated 401(k) Plan Features
Boost retirement readiness with automated plan features like auto-enrollment, auto-increase, and re-enrollment to improve savings success.
Making 401(k) Saving Hard to Avoid with Marc Howell and Felix Okwaning at PrincipalⓇ
On this episode, learn how using a combination of automatic features including “auto-sweep” to boost enrollment and deferral rates will dramatically help employees get prepared for retirement.
7 Standout Facts from ‘Retirement Research Week’
So much retirement plan data was dropped this week we decided a summary was in order to put a spotlight on some of the more notable findings
5 Key Findings from Alight’s 2024 Universe Benchmarks Report
Improvements in 401(k) participation, savings rates and average balances among new report’s highlights
How America Saves? At a Record Pace in 401(k), Vanguard Finds
Report out today shows 401(k) participants continued to save at the highest level ever in 2023, thanks largely to auto-enrollment bumping participation rates
Employees Mistakenly Believe They’re Contributing to Retirement
The Principal study finds nearly 60% of workers who believe they are contributing to their 401(k)s have not
Why are employees not participating in their 401(k)s?
Tackling three roadblocks to retirement plan participation
401(k) Millionaire Ranks Spike 20%
Fidelity report out today finds average workplace retirement account balances at the end of 2023 hit highest level in nearly two years
Auto-Enrollment in Government Plans Grows Big, But Auto-Escalation Lags: Report
MissionSquare Research Institute report shows 17 states and District of Columbia have adopted auto-enrollment features
‘Auto-Reenroll Act of 2023’ Introduced in Senate
Bipartisan bill seeks to allow 401(k) plan sponsors to automatically reenroll non-participants at least once every 3 years