New Study Shows Automatic 401(k) Features Help Workers to Save

A recent study by Bank of America Merrill Lynch, "401(k) Wellness Scorecard" shows that automatic enrollment in 401(k) plans is effective at helping workers to save for retirement. The study explains:

"Accumulating evidence shows that automatic enrollment is extremely effective at increasing employee participation in 401(k) plans. Of auto-enrolled employees, 90% continued to participate this quarter. In addition, more plans continued to adopt automatic enrollment between April and June, boosting the total number of employees enrolled."

For the complete study, click here.