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One-Third of Plan Participants Are Giving Away Free Money ... Are You?
Slott Report Link to more items from this source
Apr. 16, 2015
"Some 55% of plan participants in auto-enrollment employer plans -- which are becoming more and more popular -- are contributing less to their employer-sponsored retirement plan than the amount they need to contribute in order to receive the maximum employer-provided matching contribution. This is strong evidence that these participants are basically 'going with the flow' and choosing the default contribution rate selected by their employer rather than actually taking the time to figure out which contribution rate will be most beneficial."

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