If you needed any further evidence about the power of auto-enrollment, Vanguard has put out new research saying that the participation rate among those it studied came in 91 percent when new employees are automatically enrolled.
Plans with voluntary enrollment, on the other hand, see a 42-percent participation rate.
Eight in 10 automatically enrolled participants in Vanguard's study also increase contribution rates over time.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
