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Automatic Savings Increase Tool Enhances 401(k) Plan
Milliman Retirement Town Hall Link to more items from this source
Sept. 30, 2015

"The voluntary automatic savings increase tool was not expected to have a major impact. Instead, it was considered something useful to help chip away at the lost 11.5% of annual DB benefits... [T]he average expected total increase in the savings rate for the 35 participants who elected auto-increase is 5.9%, which will roughly double the current average savings rate for this group. This increase, combined with the expanded profit-sharing contribution, is projected to close the 11.5% gap for many employees."

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