More and more employers are using automatic enrollment to get employees to participate in their retirement plans, and it's working. A new study from Aon Hewitt, the global human resources outsourcing and consulting company of Aon Corporation, found that more employees are participating in employer-sponsored defined contribution (DC) plans than ever before.
More than three-quarters (76 percent) of eligible employees participated in their company's DC plan in 2010; this is the highest level since Aon Hewitt began the study in 2002, and is up from 74 percent in 2009 and 67 percent in 2005.
The survey analyzed defined contribution saving and investing in more than 3 million employees in 120 companies.
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