Posts tagged '401(k)s'

May 25, 2011
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Auto-Enrollment Pushes 401(k) Participation to Record Level

After Congress passed legislation in 2006 to make it easier for businesses to auto-enroll new employees in their companies' 401(k) defined-contribution plans,  the overall participation rate has gone up to 75.8 percent from 67.2 percent in 2005, according to a study to Aon Hewitt Inc. Though 60 percent of the 120 companies analyzed are now offering auto-enrollment, up from just 24 perc...