Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|Letter Clarifies IRS Position on Issues Relating to Automatic Enrollment 401(k) Plans|
The Human Capital practice of Deloitte Consulting LLP
Apr. 21, 2004
Excerpt: [T]he general information letter indicates automatic enrollment plans can provide for scheduled increases to participants' automatic compensation reduction amounts, and that these plans can tie such increases to pay raises and bonuses. Employers might want to incorporate these types of features into their automatic enrollment plans to further challenge employee inertia ...
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