Archive for December, 2004

Looking for a way to increase participation in your 401(k) plan? The Automatic Enrollment feature is one way to accomplish this. A typical 401(k) plan allows employees to decide whether or not to enroll in the plan, if so at what percentage and which funds to invest in. A 401(k) plan with the automatic enrollment feature enrolls the employee at their initial date of eligibility, at a default percentage and default investment (if no participant direction is provided). The employee is given the chance to opt out completely or change the amount withheld.

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