Automatic Rise in 401(k) Plans…

October 2006
Journal of Financial Planning;Oct2006, Vol. 19 Issue 10, p14
Academic Journal
The article discusses a study by Hewitt Associates that found that automatic 401(k) enrollment plans are increasing employee participation in the retirement plans. Companies that had automatic enrollment features in 401(k) retirement plans had overall higher employee participation rates than companies that did not have automatic enrollment plans. The percentage of workers who use life cycle funds is up. Thirty-two percent of workers did not participate in their company's 401(k) retirement plan in 2005.


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