Plan Features

The Automation of DC Plans (Auto Enrollment, Contributions, and Qualified Default Options)

DC plans were created to be optional savings plans, designed to supplement the retirement income stream supplied by a defined benefit pension plan and social security. The idea that “if you build it, they will come” didn’t turn out to be the case for many DC plans. Motivating employees to participate has continually been an uphill battle for plan sponsors. The passing of PPA dramatically alters this aspect of the DC landscape.

By |2020-01-08T14:11:11-05:00August 12th, 2008|Comments Off on The Automation of DC Plans (Auto Enrollment, Contributions, and Qualified Default Options)