The automatic 401(k) is sweeping the defined contribution landscape. For employees, saving for retirement is automatic. They are enrolled at a pre-set contribution level into pre-selected investment funds and are in the plan unless they opt out.
With an automatic 401(k), not only will your employees save more for retirement and experience greater job satisfaction, it will generally be easier for your company to pass nondiscrimination testing.
We’ve set out with one goal in mind — to simplify and demystify the Automatic 401(k) process. So it only makes sense to make getting started as clear and easy as possible.
The Next Generation of Automatic 401(k) Plans
Adding automatic enrollment increases participation rates of new hires dramatically, particularly among women, minorities and low-income earners. This is an important first step, but more can to be done to make automatic 401(k)s an even more powerful way to help employees save enough for retirement. Download the Article
Organizations around the country are proponents of automatic 401(k)s Automatic 401(k) Proponents
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AARP's Chief Operating Officer Tom Nelson on Automatic 401(k) implementation Download the Article