25 May Retirement Plan Tips From DCIIA
The Defined Contribution Institutional Investment Association released a white paper last June examining employer practices concerning retirement plans.
The DCIIA found that employers are often hesitant to institute automatic enrollment and rate escalation out of fear of employees’ reactions or cost increases, but that these features are very effective at bringing employee savings rates closer to optimal levels of 10% to 15%.
They also discuss using techniques such as “stretch matching” to encourage increased contributions.
Read the full report here.
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