Auto-enrollment policies can increase 401(k) participation, raise contributions and enable employees to take advantage of employer matching contributions. However, there are some drawbacks ...

Continue reading → The post How 401(k) Automatic Enrollment Works appeared first on SmartAsset Blog. Under a federal law enacted in 2022, most new 401(k) plans must auto-enroll all eligible ...

About two-thirds of 401(k) plans were using auto-enrollment as of 2022, according to survey data from the Plan Sponsor Council of America, a trade group. Of them, 78% used auto-escalation.

The automatic enrollment provisions only apply to new 401(k) and 403(b) plans. Businesses with existing plans are grandfathered, so not all employees fall under the new automatic enrollment rules.

The 401(k) automatic enrollment and automatic escalation components of SECURE 2.0 are set to launch in 2025. Other provisions of SECURE 2.0 went live earlier this year or will roll out in 2025, ...

And SECURE 2.0 requires most new 401(k) pans to implement both auto-enrollment and auto-escalation. While the effect of the auto provisions on participation is clear and robust, ...

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 ...

Half of all private-sector workers now participate in 401 (k)-type plans, up from about two-fifths of employees in 2010, ...

If your employer's 401(k) plan has auto-enrollment, you'll automatically start making contributions to your account once you're eligible. Under a federal law enacted in 2022, most new 401(k) plans ...

About two-thirds of 401(k) plans were using auto-enrollment as of 2022, according to survey data from the Plan Sponsor Council of America, a trade group. Of them, 78% used auto-escalation.

About two-thirds of 401(k) plans were using auto-enrollment as of 2022, according to survey data from the Plan Sponsor Council of America, a trade group. Of them, 78% used auto-escalation.