TITLE

Fidelity adds auto-enrollment for its own employees

AUTHOR(S)
Anderson, Tom
PUB. DATE
December 2005
SOURCE
Employee Benefit News;Dec2005, Vol. 19 Issue 15, p48
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article talks about automatic enrollment in 401(k) plans. According to Robert Reynolds, vice chairman and chief operating officer of Fidelity Investments, automatic enrollment is the way to break inertia and jump-start savings. Automatic enrollment as the biggest impact on increasing account balances among low-income workers. The effects of automatic enrollment depends heavily on the default contribution rate and default investment option.
ACCESSION #
19164358

 

Related Articles

  • Small Employers Lead Growth in Sponsored Plans.  // Money Management Executive;8/11/2003, Vol. 11 Issue 31, p4 

    Reveals that employers expanded the number of 401(k) plans in 2002. Discussion on the growth in 401 (k) plan sponsorship.

  • 401 (k) Balances Up 36% in Five Years Since 1999. Abramovich, Giselle // Money Management Executive;10/3/2005, Vol. 13 Issue 37, p6 

    Reports on the increase in the 401(k) account balance by thirty-six percent to an average of 91,042 dollar in the U.S. Consideration of people's age, contribution rates and the impact of equity markets; Consistency of participation and individual's ability to accumulate sizeable gains; Revival...

  • Are You Spending Too Much on Your 401(k) Plan? Birschel, Dee // Benefits Quarterly;2004 Third Quarter, Vol. 20 Issue 3, p83 

    An issue for concern in 2004 was whether mutual fund and administration fees were reasonable as mandated by the U.S. Employee Retirement and Income Security Act. Financial officers should examine how much they pay to determine if the 401(k) plan is reasonable. There are several warning signs...

  • Roth 401(k) Basics. Okumura, Kirk // Advisor Today;Sep2006, Vol. 101 Issue 9, p28 

    The article provides information on the eligibility, contribution and distribution rules that apply to the Roth 401 (K) provision in the U.S. The Roth 401 (K) allows employees to make after-tax contributions that can be withdrawn tax free if they are made after a five-year taxable period of...

  • When 401(k)s are KO'd. Kahn, Jeremy // Fortune;1/7/2002, Vol. 145 Issue 1, p104 

    Reports on a proposed bill that would force diversification in company 401(k) plans. Experience of Marie Thibaut, who lost most of her 401(k) savings when Enron collapsed; How many workers put a large portion of their retirement money into their employer's shares; Details of the proposed...

  • The 401(k) of the Future. Wang, Penelope; Feldman, Judy // Money;Jan2000, Vol. 29 Issue 1, p82 

    Discusses how the 401(k) plan is changing and ways that investors can make the most from evolving plans. The expanding choices and technological improvements that plans are experiencing; How many 401(k)s are switching to institutional funds resulting in cost savings; The growing number of...

  • Sea change shifting power to 401(k) advisers. Barstein, Fred // Employee Benefit Adviser;Oct2009, Vol. 7 Issue 10, p26 

    The article reports that handlers of 401(k) retirement savings plans are shifting from being mere record-keepers to retirement advisers. Plan sponsors have realized the need for more advisers rather than bookkeepers as direct contribution (DC) plans with under 100 million U.S. dollars in assets...

  • Employers at risk when 401(k)s lose. SHEMELIGIAN, BOB // Las Vegas Business Press (10712186);10/27/2008, Vol. 25 Issue 43, p16 

    The article reports on the risks that employers who sponsor 401(k) plans face as stock prices continue to fall in the U.S. Experts warn that the downturn in the market can cause people who lost money in 401(k) plans to look for someone to blame and may sue their employers to recover losses....

  • Examining your 401K. Van Dyke, George // Business Credit;Jan2000, Vol. 102 Issue 1, p59 

    Presents advice in dealing with an employer-sponsored 401(k) plan. Vasic features of a 401(k) plan; Advantages of investing early for retirement on a 401(k) plan; Limitations to an employee's ability to participate in a 401(k) plan.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics