How to reduce risk when doing 401(k) plan re-enrollments
Advisers should review the plan document and make sure they give participants the right to opt out of the re-enrollment.
Re-enrolling workers in 401(k) plans has become a prevalent plan-design element over the past decade. But retirement plan advisers should ensure they're initiating re-enrollments in a way that reduces risk both for them and the plan sponsor.
During a re-enrollment, the employer defaults participant
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