Some might call the Wall Street Journal's article on automatic enrollment "sensationalized pessimism," but if there's no such thing as bad publicity, then I'd say that putting auto-enrollment in the spotlight is a good thing.
The WSJ paints a picture of how auto-enrollment is poisoning retirement savings because people are locking in at the default rate of 3 percent, rather than the more common elective rates of 5 to 10 percent.
Even if you took that conclusion in the negative (which I don't), the question is, how many people are actually affected?
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.