Compass
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AimPoint Pension
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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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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Solving the Retirement Savings Paradox One Plan Sponsor at a Time
Vanguard Aug. 12, 2016
"[One company] boosted deferral rates and overall retirement readiness among its participants by taking a few simple steps, including: [1] An annual sweep of nonparticipants into an age-appropriate Target Retirement Trust every year at 5% of pay. [2] Maximizing the company match dollar for dollar on the first 3% of pay and 50 cents on the dollar for the next 2%. [3] Raising the cap on autoescalation from 10% to 15%. Within six months of these changes, the manufacturer's participation rate jumped to close to 100% and the percentage of participants deferring at least 5% (9% including the company match) rose to 96%."
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