What’s your 401(k) default rate? It probably should be higher
HR Morning
AUGUST 24, 2016
What’s more, the bulk of plans (51%) now have auto-enrollment, the feature that puts employees into that default rate in the first place. That’s up from the 28% of plans that included this feature back in 2011. Of course, if you do up to use this feature, employees must have the option of opting-out whenever they’d like.
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