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November 27, 2009

HR Fact Friday: Automation, Lower Fees, Advice Becoming Standard in 401(k)s

Filed under: General HR Buzz10:59 am

Excellent article posted on the SHRM website recently tracking 401(k) enrollment trends.
Go to: http://www.shrm.org/hrdisciplines/benefits/Articles/Pages/Standardin401ks.aspx.

Summary:

The percentage of U.S. employers enrolling employees automatically into the 401(k) plan has risen significantly in just two years, from 34 percent in 2007 to 58 percent in 2009. Of those plans using automatic enrollment, 69 percent now default workers into a target-date fund, up from 50 percent in 2007, according to a study by consultancy Hewitt Associates.

Happy Thanksgiving.

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