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Putting Your 401(k) on Autopilot: New Plans Aim to Ease the Hassle of Managing Retirement Funds
BusinessWeek OnlineLink to more items from this source
Oct. 8, 2004
Excerpt: A possible solution for creating more robust nest eggs is what's known as the 'autopilot' 401(k). If you sign up for one of these plans, certain decisions related to your 401(k) will be made automatically, meaning you shouldn't have to review and reassess your investment vehicles and contribution levels as often. Vendors such as Vanguard Group and Principal are already pitching autopilot accounts to employers, and others will likely follow.

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