There are three ways to set up an automatic enrollment 401(k) plan
November 28, 2016
Attention employers: There are three ways to set up an automatic enrollment 401(k) plan. Many Americans are unprepared for retirement because they aren’t covered by retirement plans or are among the 30% of eligible workers who don’t participate in their employers’ 401(k)-type plans. According to the IRS, that percentage could be cut to less than 15% if employers used automatic enrollment plans. A new IRS publication offers a concise summary of how such plans work and basic tips for employers who want to start one. Go to http://bit.ly/2ggPapL to read it.