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New data by Aon Hewitt show 57 % of 401(k) plan sponsors offered automatic enrollment in 2010, compared to 24% in 2006. Thirty-six percent of plan sponsors who don’t offer the feature said they are likely to add it in 2011.
“Auto-enrollment is a relatively simple and effective way for companies to help workers plan for retirement—especially younger workers who may not feel the immediate pressure to save for retirement,” says Pamela Hess, director of retirement research at Aon Hewitt.
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