Beginning this year, businesses with 10 or more employees must implement automatic enrollment and contribution escalation for new 401(k) and 403(b) plans. Starting this year, SECURE 2.0 requires ...
Two of the most widely used mechanisms to improve participation in 401(k) plans – automatic enrollment and automatic escalation of contribution rates – may be much less effective than previously ...
Washington, D.C., Oct. 24, 2023 (GLOBE NEWSWIRE) -- A new report from MissionSquare Research Institute finds adoption of automatic enrollment features in state and local government defined ...
Automatic enrollment and escalation are key factors in the growth of 401(k) retirement savings and so widely accepted that they will be mandatory next year for plans penned after the SECURE 2.0 Act of ...
The same research team that documented the impact of auto-enrollment and auto-escalation in 401(k) plans has returned to the topic to assess how real-life events affect the longer-run effect of these ...
News analysis: More than half of employers back auto-escalation schemes as a way to increase employee contributions, according to new research, but they may face challenges in tailoring contribution ...
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