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Auto-enrollment, active management keys to 401(k) success

Bank of America Merrill Lynch's new study shows that auto-enrollment features and investor education have produced better engagement and participation.

By Andy Stonehouse | Updated on August 21, 2012

As the deluge of information is set to unfold for 401(k) plan participants, have employers been doing a good job of enticing their workers to take part in savings programs – and are there easier ways for those participants to become informed consumers?

Bank of America Merrill Lynch’s new 401(k) Wellness Scorecard has found a significant increase in the number of employees participating in defined contribution plans and a marked jump in the contributions of those workers taking part.

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