TITLE

Cost, communication hinder use of automatic 401 (k) features

AUTHOR(S)
Bridgeford, Lydell C.
PUB. DATE
October 2007
SOURCE
Employee Benefit News;Oct2007, Vol. 21 Issue 13, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article highlights the results of a report on the 401(k) industry in the U.S., released by Fidelity Investments. The company noted that 301 defined contribution retirement plans utilized automatic enrollment in 2006, up from 153 plans in 2005. It found that employers that offer auto-enrollment and auto-increases saw their participants' savings rise for all age groups.
ACCESSION #
27133413

 

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