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For those overwhelmed into inaction by the prospect of completing 401(k) enrollment forms, Congress just intervened. With last week’s signing of the Pension Protection Act of 2006 it sanctioned ...
It's no secret that Americans are behind when it comes to retirement savings. In a recent study, U.S. Census Bureau found that 49% of adults between the ages of 55 and 66 had no personal ...
Over 60% of companies with 401(k) plans now have automatic enrollment, Vanguard says. And, thanks to Secure Act 2.0 , all new 401(k) plans will be required to sign up new workers at a minimum ...
401(k) auto-enrollment and auto-escalation were supposed to help people save for retirement. Here's what happened instead. Provided by Dow Jones Sep 21, 2024, 3:51:00 PM ...
When you conduct meetings with your 401(k) clients who have auto-enrollment features, you can educate them about this safe harbor correction program. For most clients who established 401(k) plans on ...
Beginning in 2025, employers with new 401(k) and 403(b) plans must automatically enroll employees when they become eligible. The initial contribution amount must be at least 3% and no more than 10%.
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