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Automatic Features to Help Boost Participation and Savings Rates

07/31/2019
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Automatic Features to Help Boost Participation and Savings Rates

07/31/2019
The use of auto features in 401(k) plans has continued to climb in popularity over the past decade. In fact, auto features such as automatic enrollment and auto escalation are considered best practices in 401(k) plan design as ways to help boost participation and employee savings rates.