Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Overcoming Participant Inertia: Automatic Features That Improve Outcomes While Improving Your Plan's Bottom Line (PDF)
Prudential Retirement Oct. 24, 2013 "[T]oday's plan participants are falling short of building retirement reserves that will provide income to last a lifetime.... One solution can be found in the addition of plan auto-enrollment and auto-escalation features.... [A]ccumulated data suggests that a 5-6% default deferral rate with a 2% annual acceleration up to a cap of at least 10-12% significantly improves the likelihood of successful retirement outcomes while maintaining participation levels well above the national average." |
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