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401(k) Participation and Contributions Increase
Merrill Lynch Link to more items from this source
Nov. 17, 2016

"24 percent more employees are enrolled and contributing to their company's retirement savings plan in the first half of 2016 compared to last year, and millennial participants (ages 21-34) generated more contribution rate increase activity during the first half of 2016 than any other age group.... 6 percent of new enrollments were generated by employers' use of simplified enrollment, including auto-enrollment (up 33 percent since 2015) and Express Enrollment (up 42 percent since 2015). Higher auto-enrollment default rates have also supported a rise in participation, in addition to the use of auto-increase, which is up 41 percent since last year and 153 percent since 2012."

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