TITLE

Shifting into automatic: The benefits of automatic enrollment and escalation

AUTHOR(S)
NADLER, MARK
PUB. DATE
April 2010
SOURCE
Employee Benefit News;Apr2010, Vol. 24 Issue 4, p35
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article explores the benefits of automatic tax-deferred retirement program enrollment and escalation in the U.S. The financial failures of retirees are attributed to ignorance and decision-making. Under the automatic enrollment, employees are placed in a tax-deferred plan with default contribution rate and asset allocation. Employee interpretation of the default contribution rate is cited as one of the disadvantages of automatic enrollment.
ACCESSION #
49676628

 

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