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Few DC Participants Using Auto Escalation
Pensions & Investments
Dec. 11, 2012 "Among DC plans with more than 1,000 employees,... [R]esearchers found that although 51% of participants said they wanted auto escalation and 48% of plans offered it, only 19% of participants are enrolled in it ... When [researchers] looked at a broader group of plans -- from those with more than 1,000 participants to those with fewer than 25 employees -- [they] found that 49% of participants wanted auto escalation, but only 18% participated. Among the smallest plans, 53% of participants said they wanted auto escalation, but only 13% of these plans with fewer than 25 employees offered it[.]" MORE >> |
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