Automatic enrollment

The needs of three constituents must be met: the employer, the employee and the consultant.

With the release of PlanSource’s Copernicus, benefit administrators are praising the automated features that make their job less stressful.

With the release of PlanSource’s Copernicus, benefit administrators are praising the automated features that make their job less stressful.

Younger employees are out-investing their older coworkers, with a large number contributing to a savings vehicle for their post-work years.

Younger employees are out-investing their older coworkers, with a large number contributing to a savings vehicle for their post-work years.

Younger workers are closing the savings gap due to design features and qualified default investment alternatives like target-date funds or managed accounts.

Younger workers are closing the savings gap due to design features and qualified default investment alternatives like target-date funds or managed accounts.

Avoid longer conversations about automating the benefits enrollment. They won’t work in the adviser’s — or the client’s — favor.

Most Americans are saving too conservatively to generate the income they'll need in retirement even after accounting for Social Security.

Employers must tweak their benefit signup procedures, including by using mobile, to ensure employees get what they are paying for, according to adviser Greg Hodges.

Automatic 401(k) enrollment and financial education are just some of the offerings that can make a big difference with employees.

Automatic 401(k) enrollment and financial education are just some of the offerings that can make a big difference with employees.

401(k) automation can help more employees increase their retirement savings, and empower more sponsors to improve their plan performance metrics, without negative consequences, says Spencer Williams.

Brokers and advisers must tweak their benefit signup procedures, including by using mobile, to ensure participants get what they are paying for, according to adviser Greg Hodges.

401(k) automation can help more employees increase their retirement savings, and empower more sponsors to improve their plan performance metrics, without negative consequences, says Spencer Williams.

After establishing an automatic enrollment program, employers should implement new features to fine-tune employee retirement savings plans.