Automated features in 401(k) and other defined contribution plans have helped boost participation rates and can encourage participants to save more, increasing their odds of achieving a comfortable retirement.
But automated features aren't the answer to all of what's wrong in the DC world. In fact, depending on their design, some can actually work against plan participants.
BenefitsPro spoke to a few experts on the topic. Here's what they had to say:
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.