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Automatic Enrollment for Retirement Savings: An Increasingly Available Option with a Large Impact
Forbes
Sept. 4, 2018 "46 percent of retirement plans use automatic enrollment, up from 20 percent in 2008, with the percentage varying greatly by company size: 65 percent of plans with 5,000 or more participants use auto enrollment, but only 30 percent of plans with 500 or fewer participants do so. The effect is dramatic: ... 92 percent of employees participated in auto enrollment plans, with only a small percentage opting out, while 57 percent enrolled in voluntary plans." MORE >> |
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