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Retirement Made Simpler News February 27, 2009
Keeping up with the world of automatic 401(k)s just got easier. Each issue of Retirement Made Simpler News delivers important research, updates and success stories to your inbox.
Retirement Made Simpler is a partnership of AARP, the Financial Industry Regulatory Authority (FINRA) and the Retirement Security Project.
Meet the Organizations
Recent Research
2008 Employee Satisfaction Study
A study of more than 10,000 Americans shows that men and women alike view automatic 401(k) enrollment and contribution escalation plans positively, particularly those who take advantage of such features. Furthermore, the research indicates that participation in automatic 401(k)s may not only build confidence in investing for retirement but also build loyalty to employers offering automatic 401(k) features.
Read the Article
Download the Retirement Made Simpler Employee Satisfaction Study 2008
How Did 401(k) Account Balances Handle Market Volatility?
The answer is it depends on the age of the employee and job tenure, as this chart from the Employee Benefits Research Institute illustrates.
View the Chart
New Resources
Automatic 401(k) Directory
Companies continue to embrace automatic 401(k)s as a way to help employees save for retirement. We have compiled a directory of companies utilizing automatic 401(k) programs.
View the Directory
Add Your Company to the List
Saver's Credit Information
A new resource from AARP helps HR professionals make the most of the Saver's Credit—a federal income tax credit of up to $1,000. Toolkit materials include intranet content, an e-mail message, materials for open enrollment packets, FAQs and more.
View the Saver's Credit Toolkit
New Automatic 401(k) Brochure for Small Businesses
The Department of Labor and IRS have a new publication to help small employers understand automatic enrollment for 401(k) plans.
Download the Brochure
Implementing Your Automatic 401(k)
If you are initiating the process of automating your 401(k), these simple steps can help:
- Determine the goals of your company’s 401(k) plan
- Evaluate the elements of an automatic 401(k)
- Consider a default contribution rate
- Select a default investment fund
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