No, not that surge - the one that was supposed to revolutionize retirement savings. Even though auto-enrollment was projected to spike 401(k) enrollment, a new 401(k) benchmarking survey from Deloitte shows that has not been the case. In fact, 401(k) enrollment is about the same as it´s been for the last couple years - hovering around 76% -- although 42% of the plan sponsors polled have an automatic enrollment feature now, compared with only 23% two years ago.
Click below for more EBN coverage on auto-enrollment.
- Auto features escalate savings
- This is your captain speaking: Auto-pilot retirement plans increasingly popular, but an adviser's counsel still worthwhile
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