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The Pension Protection Act of 2006 is having a positive effect on 401(k) plans, according to Fidelity Investments.
Most notably, 51% of Fidelity’s 11.7 million 401(k) participants are in plans that have automatic enrollment, up significantly from 16% five years ago. Furthermore, 73% of the plans Fidelity administers default their participants into lifecycle funds up from 11% in 2006.
Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Medias Wall Street & Technology magazine and … Read full bio
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