Automatic Enrollment Features

According to the DOL, 30% of Americans with access to a workplace savings plan, like a 401(k), don’t participate in the plan. As a plan sponsor, this can be frustrating because you want your employees to save for retirement and you want your company to reap the tax benefits of sponsoring a plan. Automatic enrollment features are a great way to increase employee participation in the company’s 401(k) plan and this graphic provides some general information on auto-enrollment.