If your employer’s 401(k) plan has auto-enrollment, you’ll automatically start making contributions to your account once you’re eligible. Under a federal law enacted in 2022, most new 401(k) plans ...
Employers are increasingly putting workers' 401(k) plan savings on autopilot. But the positive impact of automated retirement savings is more muted than initially thought, new research finds.
The Affordable Care Act’s (ACA) individual shared responsibility penalty was reduced to $0 in 2017, effectively repealing the individual mandate and removing a key means of reducing uninsurance. For ...
Two top 401(k) companies - Fidelity Investments and Vanguard - have teamed up with two information technology and services companies - Alight Solutions and Retirement Clearinghouse - to create an auto ...
Commentary: Auto-enrollment, codified in law by the Pension Protection Act of 2006, was drafted with the best of intentions — to increase Americans’ retirement savings — but it has had the unintended ...
The next generation of automatic features in 401(k) plans will include default savings rates that will give workers switching jobs the option to choose between the new employer’s default savings rate ...
While the use of auto portability for handling 401(k) accounts upon termination of employment might one day be ubiquitous, its first major rollout is expected next year. After years of groundwork, ...
If your 401(k) is on autopilot, it may be time to grab the wheel. A growing number of employers are adding automatic features to these workplace retirement-savings vehicles, typically sweeping new ...
Workers will be able to save more easily for retirement with a proposed move that would automatically enroll them in 401(k) plans and other retirement savings plans. Among the Secure 2.0 provisions in ...
Employers are increasingly putting workers' 401(k) plan savings on autopilot. Stream San Diego News for free, 24/7, wherever you are with NBC 7. But the positive impact of automated retirement savings ...