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Retirement Savings Plans–Automatic Enrollment Favored
Passage of the SECURE 2.0 Act of 2022 last December appears to have ushered in a new wave of interest in automatic enrollment in employer-sponsored retirement savings plans, according to the 10th annual American Century® Retirement Study. As noted in a post on plansponsor.com by Noah Zuss, “Among retirement plan participants surveyed in late 2022, 71% agreed employers should auto-enroll workers at a 10% default, compared with 47% in 2021 and 46% in 2020.” To read this post and to learn more about the American Century study, click here…
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