Fidelity adds auto-enrollment for its own employees

Anderson, Tom
December 2005
Employee Benefit News;Dec2005, Vol. 19 Issue 15, p48
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.


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