401(k)’s a boon to low-income workers
Automatic escalation will increase 401(k) accumulations by up to 28% in the lowest income group, says a study.
A study released today by the nonpartisan Employee Benefit Research Institute shows that the Pension Protection Act of 2006 will result in a significant increase in 401(k) accumulations — particularly for low-income workers.
The study predicts that the automatic escalation will increase 401(
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