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Executive Summary
SIGNIFICANCE OF AUTO-ENROLLMENT: Automatic enrollment of participants in 401(k) plans, which was encouraged by provisions in the Pension Protect Act of 2006, is designed to overcome the drawbacks of voluntary enrollment by getting more workers to save in their work place retirement plan. Auto-enrollment for 401(k) plans has been demonstrated by previous EBRI research to have substantial potential benefits for some employees.
Showing posts with label SIGNIFICANCE OF AUTO. Show all posts
Showing posts with label SIGNIFICANCE OF AUTO. Show all posts
The Impact of Automatic Enrollment in 401(k)
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