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Retirement Made Simpler News
November 5, 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
Employers are Driving Employee 401(k)s
Businesses are taking more control of workers' 401(k)s, retreating from the 30-year experiment with employees running their own accounts. Some plan administrators are urging employers to automatically direct as much as 8% of workers' pay into 401(k) savings and build from there. The Wall Street Journal
Q&A with Retirement Security Project’s William Gale
Retirement policy expert Gale talks about ways to improve retirement savings prospects for Americans. Targeted News Service
GAO Study: Automatic Feature Boosts 401k Participation
In a recently released Government Accountability Office (GAO) report automatic enrollment of workers in 401(k) plans is highlighted as an effective means of increasing plan participation rates. However, the report does raise several concerns, notably that not all employees have access to employer-sponsored plans and that low default contributions rates and the absence of default automatic escalation policies may result in inadequate long-term savings for some workers. GAO Study
 Gauging Saving-for-Retirement Attitudes
A survey of more than 1,000 employees by the ING Institute for Retirement Research found that most Americans who participate in employer-sponsored defined contribution plans remain committed to them. Employee Benefit News
Want News about Automatic 401(k)s and more? Visit the RMS Media Stream
On our Site
The Automatic IRA
The Automatic IRA has been proposed as a way for the roughly half of U.S. workers that are not offered a
401(k) or any other type of employer-sponsored plan to save for retirement. Automatic IRA resources
2009 Retirement Made Simpler Survey of Employee Sentiments on Saving for Retirement
Retirement Made Simpler conducted a survey in the summer of 2009 to better understand Americans’ attitudes towards saving for retirement, and more specifically, the automatic features of their 401(k) plans, including automatic enrollment and automatic escalation. Read the Fact Sheet
Resources and Tools
Promoting Your Automatic 401(k) During Enrollment Season?
These resources can help.
Sample Benefits Web Page Content (Word)
Sample Office Poster (Word)
Sample Article — Mid-Career (Word)
Sample Article — Dreams (Word)
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