If your employer’s 401(k) plan has auto-enrollment, you’ll automatically start making contributions to your account once you’re eligible. Under a federal law enacted in 2022, most new 401(k) plans ...
More workers are following experts’ advice in saving for retirement, even when finances feel precarious. It’s happening because 401(k) plans are using a simple human trait to guide us: our inclination ...
Employers are increasingly putting workers' 401(k) plan savings on autopilot. But the positive impact of automated retirement savings is more muted than initially thought, new research finds.
Automatically enrolling workers in a retirement plan is one of the most powerful tools policymakers and retirement plan sponsors have found to increase retirement savings. A bill making its way ...
We may be our own worst enemy when it comes to retirement savings. Innovations such as auto-enrollment, when an employer automatically sets a worker up in the company’s retirement plan, and ...
If you’ve procrastinated about signing up for your company’s 401(k) retirement savings plan, you’re not alone: About one-third of eligible employees haven’t enrolled, even when their employer offers ...
IMGCAP(1)]There has been a significant trend in recent years to add automatic features to 401(k) retirement plans. The most common, automatic enrollment, is a feature that automatically enrolls new ...
Automatic enrollment gained significant traction among the smallest 401(k) plans last year, reflecting a trend that's played out more broadly across the defined-contribution marketplace over the past ...
As the debate over Social Security reform reaches the boiling point in Washington, the Investment Company Institute and the Employee Benefit Research Institute are urging employers to step up their ...
It's that time of year again -- open enrollment season, when employees have to make decisions about the workplace benefits their employers offer. Of course, the easiest way to get through what can be ...