Automatic features in retirement plans may lead employees to feel undeserved smugness about their preparedness. (Photo: Shutterstock)

It’s not enough to put in automatic features in retirement plans if those features don’t push people into saving at a high enough rate, or to take an active role in choosing investments for their account.

That’s according to a report in Psychology Today, which says that in fact automatic features may be deceiving participants into thinking that their retirement is taken care of, in the way a defined benefit pension once took care of the monthly income needs of retirees.

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