Automatic 401(k) features – including auto-enrollment, as well as plans that also automatically increase participant contributions each year – are beginning to have a significant impact on the success of employer-sponsored savings plans, and the balances of participants who’ve stayed in the game.

At some worksites, contribution managers have moved more than two thirds of its workers to an auto-enrollment system, and numbers are even higher at other employers. One retirement plan vendor, Vanguard, notes that 34% of its plans have adopted automatic enrollment, up from 24% five years ago.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access