Automating 401(k) plans helps drive employee participation

Published Updated 1 Min Read

Auto enrollment and auto escalation led to a 97% participation rate in SSI Group’s 401(k) benefit, the firm’s HR director says.

If you want your employees to utilize their benefits programs, the key is to make it automatic, says Garin Danner, human resources director with SSI Group, a healthcare billing solutions provider.

“The secret was implementing the programs that give the tools — auto enrollment, participation immediately upon hire and putting in an auto escalation,” Danner says.

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