Top five questions plan sponsors have about 401(k) s (and the answers)
Match game
Increase the initial salary deferral rates in automatic enrollment plans to 6% of pay from 3% and make annual contribution increases of 1% or more automatic. Reconfigure matching contribution formulas to boost savings. Rather than the typical matching contribution of 50% up to the first 6% of pay, employers could match 30% of contributions on the first 10% of pay for the same cost.
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