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Retirement Made Simpler News
July 30, 2009
Each issue of Retirement Made Simpler News delivers important news, research, updates and more to your inbox. Meet the Organizations
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In the News
Reaching for Savings: Automatic Enrollment in Investment Plans Can Help Millions of Americans Build Wealth
When companies have adopted this policy of "automatic enrollment," rates of participation in 401(k) programs have soared, especially among lower-income workers. By creating the equivalent of an automatic, national 401(k), we could give all Americans the chance to save and invest for the future, reducing hardship and enhancing their well-being, lowering the long-term burden on the public sector and expanding national wealth. Baltimore Sun
The End of Do-It-Yourself Retirement Accounts
401(k)s have long been thought of as do-it-yourself retirement accounts. Yet, employers have been playing a growing role in how much workers save and where they invest their 401(k) dollars. Many 401(k) plan sponsors now automatically enroll workers in 401(k)s unless they specifically opt out. U.S. News & World Report
Financial Literacy: The Time Is Now
Advocates for financial literacy are seizing on the economic crisis as an opportunity to confront the issue directly. Thanks to the recession, they're getting a response from governments, nonprofits, schools, and employers. Business Week
 Auto Enrollment Update:
New Federal Hires to Get 5 Percent Match
New federal hires who formerly had to wait six months to a year to get matching government contributions to their 401(k) plans will soon be eligible to get the government contribution shortly after they go on the payroll. Automatic enrollment in the Thrift Savings Plan for those new employees will begin next spring. Washington Times
Government Studying Company-Sponsored Automatic IRAs
The Obama administration's plan to bring retirement accounts to more working people, a concept known as the automatic IRA, is taking shape. Details are being hammered out, but retirement-savings shortfalls are giving the idea momentum despite lingering questions. Chicago Tribune
On our Site
FAQs on Retirement Made Simpler
Need more information about how to automate your 401(k)? Want to know why it’s a win-win for employees and employers? Get answers to many of your automatic 401(k) questions
Pension Protection Act
The PPA gives plan sponsors plenty of reasons to move forward with automatic features. RMS keeps you current with the Act and Department of Labor updates and guidance. Learn more
Resources and Tools
White Papers
Stay current with the latest research from plan administrators, plan consultants and others related to automatic 401(k)s. White Papers
Saver’s Credit Toolkit
Would your employees want to know how to get a federal income tax credit of up to $1,000? Thanks to your automatic 401(k) plan, many of your employees may now be eligible for the little-known Saver’s Credit. Saver’s Credit Resources
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