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Retirement Made Simpler News
November 21, 2008
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.
Who is Retirement Made Simpler? Meet the organizations
Recent Research
Business Case for Automatic Enrollment
If you are considering automatically enrolling your employees in your company’s 401(k) plan, you may be asking yourself this question: Is automatic enrollment worth the cost of additional employer matching contributions plus any cost of implementation or ongoing administration? Companies have found there are at least three sound business reasons for using automatic enrollment:
- Improving 401(k) nondiscrimination results
- Recruiting and retaining valued employees
- Mitigating the loss of defined benefit ("DB") pensions
Read more
EBRI Study: Automatic 401(k)s Likely To Have Significant Impact in Generating Retirement Savings
A recent Employee Benefits Research Institute (EBRI) Issue Brief simulates the likely impact of 401(k) plan sponsors switching to automatic enrollment and other automatic features. This analysis indicates that even under the most conservative assumptions for auto-escalation of contributions, switching 401(k) plans to auto-enrollment is likely to have a very significant positive impact in generating additional retirement savings for many workers, especially for low-income workers.
Read the Issue Brief
New on our Site
Automatic 401(k) Directory
RetirementMadeSimpler.org has launched a new resource that identifies companies that have embraced automatic enrollment and other automatic 401(k) features.
View the Automatic 401(k) Directory
Add your company to the list
Success Story: AARP's Chief Operating Officer Tom Nelson on Automatic 401(k) implementation
AARP has a defined benefit plan as well as a 401(k) plan for its employees. Five years ago, AARP knew its 401(k) plan participation was 76%, but thought that was not good enough. The group knew it was important not only to advocate for retirement security in the United States, but act on the belief in its own workplace.
Read more
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