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TIAA-CREF 401(k) Plan's Auto Enrollment Sends Participation Rate Skyrocketing
Pensions & Investments
Nov. 23, 2011 Before Jan. 1, 53% of employees were deferring at least 3% of salary into their 401(k) plans, while another 10% were deferring 1% to 3%. After auto enrollment took effect, the average deferral was 7%, the report said. MORE >> |
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