Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
Tag: Auto Enrollment
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.
Most Participants Not Receiving Retirement Savings Advice
Of those who do seek retirement investments advice, financial advisers are the most utilized source, according to a survey by...