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Auto-Feature Implementation Continues to Rise as Plans Recognize the Advantages (PDF)
Defined Contribution Institutional Investment Association [DCIIA]
Apr. 27, 2020 "Auto enrollment saw growth in adoption, to 69% in 2019, up from 60% in 2016.... 69% of plans offer auto escalation, up from 50% from our prior survey.... More than eight in ten plan sponsors have set a default deferral rate increase of 1%.... [P]eriodic sweeps are only used by about 20% of plan sponsors, indicating it is viewed as a tactical remedy rather than as a strategic tool." MORE >> |
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