Tag Archives: defined contribution plans

Automatic Enrollment: Boosting Retirement Savings in Defined Contribution Plans

Automatic Enrollment: Boosting Retirement Savings in Defined Contribution Plans

Automatic enrollment in defined contribution (DC) plans has emerged as a critical factor in improving participants’ chances of retirement success. This feature, alongside other plan design elements like automatic annual deferral increases and target-date funds, has proven instrumental in helping participants maintain their savings momentum, especially during periods of economic uncertainty, as highlighted by Vanguard’s […]