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 ...
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 ...
For many workers, saving for retirement is a chore, given how complex managing workplace plans can be. However, new research shows that automating key administrative aspects of the process could have ...
Employers may hesitate to add automated features to retirement plans due to costs, but Principal and other experts warn that the costs of not using auto-enrollment and auto-escalation could be greater ...
The SECURE 2.0 Act of 2022 requires certain 401(k) and 403(b) plans to include automatic enrollment and escalation features for the first plan year beginning after December 31, 2024, meaning that for ...
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 ...
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 ...
Many employers add auto escalation to their 401(k) plans but Indiana University Health took it one step further: The nonprofit healthcare system studied different employee population groups to assess ...