Employers urged to tap automatic 401(k)s

Published Updated 3 Min Read

  • Among those automatically enrolled in their plans, only 1% opted out, nearly all are satisfied (96%), and almost a third (31%) say they would not have enrolled otherwise
  • Among those whose contribution amounts are/were automatically increased by 1% to 2% each year, almost all are satisfied (97%), and 15% say they were unlikely to have escalated their contributions if not for this automatic feature.
  • Among those who went through a re-enrollment, 73% allowed their assets to be moved to a TDF, and 99% of those whose funds were moved are satisfied.
Suleman Din
Technology Editor

Suleman Din is technology editor of American Banker and Financial Planning. Follow him on Twitter at @sulemandn.


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