Bipartisan Auto Reenroll Act of 2023 Introduced in Senate
The proposed bill clarifies the ability of employers to automatically reenroll workers who had previously opted out of contributing to...
Tag: Auto Enrollment
Benefits |
Participation Rates in 401(k) Plans Reach All-Time High
Plan sponsors have driven plan participation in the last 15 years to a record high in 2022, Vanguard reports.
When Does a New Plan Have to Meet SECURE 2.0 Mandates?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Auto-Enrollment Gains in Popularity Among Retirement Plan Participants
An annual American Century Investments survey revealed a major increase in acceptance and expectation of employers pushing employees to save...
Opinions |
Time for SECURE 3.0
America has a retirement crisis, and SECURE 2.0 takes some important steps to address it, but they are not enough.
Plan Creation in a Post-SECURE 2.0 World
SECURE 2.0 creates new tax credits and requires automatic features that will shape plan creation going forward.
Plan Design Features ‘Moving the Needle’ for Workers’ Retirement
Re-enrollment and auto-sweeps can result in greater savings rates.
Benefits |
U.K. Nest Pension Auto Enrollment Remains ‘Robust’
Despite turbulent year, auto-enrollment continues to thrive, with opt outs lower than expected.
DCIIA Announces Lisa Massena as New COO
Massena, the founder of Massena Associates, brings experience on state-sponsored private-sector plans and a focus on innovations and best practices...
Personalization Is Key to Creating a Paycheck in Retirement
Auto-features won’t work in the decumulation phase of defined contribution plans, says Shlomo Benartzi.
Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
The Connection Between Emergency Savings Accounts and Retirement
Research shows that for low- and moderate-income workers, access to emergency savings accounts is likely to bolster retirement contributions and...
Mega DC Plans Nudge Workers to Increase Savings
The 50 largest Northern Trust Asset Management plan sponsors are using auto-escalation to boost savings, but they are not focused...
401(k) Participation is High, But Few Contribute Up To IRS Limit
Gen Z women surpass the men in accumulated retirement savings with higher account balances on average, says a new report.
Americans Kept Saving in 2021
Vanguard's annual report credits measures such as automatic escalation for helping to keep participants saving through COVID-19.
At What Rate Should Rehires Be Auto-Enrolled
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
OregonSaves Program Is Helping Boost Employees’ Retirement Savings
Academic research analyzed the auto-enrollment IRA program for private sector workers.
Plan Design Progression Leading to Higher Retirement Savings
Participation rates were nearly 96% higher for plans—a difference of 40 percentage points—with auto enrollment; the usage of auto escalation...
Shorter Employee Tenure Demands Progressive Plan Design
A worker’s tenure plays into his eligibility to join and his level of engagement with retirement plans, and for this...
Nearly Half of State and Local Government Employees Approve of Auto-Enrollment
If they were automatically enrolled into a defined contribution plan, 77% say they would remain in the plan.