Filed Under:Markets, Company News

Auto-Enrollment Found to Drive Participation in Retirement Plans

Photo credit: Michelle Meiklejohn
Photo credit: Michelle Meiklejohn

A new study by Lincoln Financial Group (NYSE: LNC) and an employer retirement savings coalition finds that 94% of plan sponsors believe that automatic enrollment features help boost participation in employee-sponsored retirement/401(k) plans, as well as improve both deferral rates and investment performance.

However, the study notes that automatic enrollment features have not caught on as fast as their documented success would suggest.

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Nichole Morford

Nichole Morford
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