Search
 

Are you ready to jump on the auto-enrollment and auto-escalation bandwagon?

Plan sponsors are trying harder to increase employees DC participation and savings -- here are some strategies they're using.

By Marlene Y. Satter | Updated on June 12, 2017
Besides adding auto-enrollment, plan sponsors are using these strategies to increase employee retirement plan participation, a Vanguard study says. (Photo: Getty)

Sponsors of defined contribution plans have increased the use automated features in those plans over the past 10 years as they seek to boost plan participation rates, saving rates and balanced asset allocation strategies.

That’s according to Vanguard’s study of DC plans, How America Saves 2017, which also finds that, in addition to the use of such features as auto-enrollment and auto-escalation and the use of target-date funds as qualified designated investment options, during 2016 there have also been steady sponsor contributions—another means of improving participant outcomes.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.