Users happy with automatic enrollment

Almost all adults enrolled in an automatic enrollment 401(k) plan are glad their companies offer the service.
NOV 08, 2007
Ninety-eight percent of adults now enrolled in an automatic-enrollment 401(k) plan are glad their companies offer the service, according to a survey by Retirement Made Simpler, a coalition formed by AARP, the Financial Industry Regulatory Authority and the Retirement Security Project. Of those who were automatically enrolled, only 7% opted out of the plan. The study also found that 95% of adults in auto-enroll 401(k) plans agree that automatic enrollment made saving for retirement easy and 85% agree that it helped them start saving for retirement earlier than planned. The survey was conducted on Sept. 6 and Oct. 1 among 10,130 adults, of whom 696 were automatically enrolled and are still enrolled in a 401(k) plan.

Latest News

WallStreetBets takes on the SEC — and makes a surprisingly sharp case
WallStreetBets takes on the SEC — and makes a surprisingly sharp case

The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.

Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale
Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.

Beyond wealth management: Why the future of advice is becoming more human
Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up
Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up

Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.

UBS loses $1.2 million arbitration claim linked to variable annuities and margin
UBS loses $1.2 million arbitration claim linked to variable annuities and margin

UBS has a history of costly litigation stemming from the sale of volatile investment products.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline