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A Nest Egg That's a No-Brainer: Automatic 401(k)s Are Taking Hold and Employees Save More
BusinessWeekLink to more items from this source
Apr. 18, 2005
Excerpt: [A]s companies continue to drop traditional pension and retiree health coverage for new hires, they see automatic enrollment 401(k)s as a way to help employees make up the difference. Boosting enrollment by low-paid workers also helps employers get out from under federal rules that can limit contributions by higher-paid managers if 401(k)s aren't used equitably throughout the company.

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