Beginning this year, businesses with 10 or more employees must implement automatic enrollment and contribution escalation for ...
Here’s a look at how automatic enrollment will work, the pros and cons of this new policy and if you should consider opting out. When the new auto enrollment policy goes into effect in 2025 ...
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 ...
With automatic enrollment, this can also be a benefit for anyone who might procrastinate about enrolling in their employer’s retirement plan. Not only will automatic enrollment help full-time ...
Proponents argue that auto-enrollment could bolster the amount Americans save for retirement. However, there are concerns that the policy could hurt low-wage earners who can’t afford to reduce ...
Retirement planning can feel like an uphill climb, but 2025 is bringing a new wave of change to help ease the burden. One of the most significant developments is the rise of auto-enrollment pension ...
So is automatic enrollment for new plans mandatory? The only problem is that so many plan sponsors and providers aren’t ready for this, and errors will be plentiful. You can take that to the bank.
Most major companies will have automatic enrollment in place, simplifying the process of retirement contributions. Those who participate in the gig economy or work a part-time job have ...
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 ...