The Business Case for 401(k) Automatic Enrollment

Two years after the Pension Protection Act of 2006 helped smooth the way for 401(k) automatic enrollment-enrolling employees in a 401(k) plan unless they choose to opt out-plan sponsors are increasingly adopting automatic enrollment and other automatic features. Companies using automatic 401(k)s have seen employee participation rates soar-often to well above 90%-and especially among lower-income and minority workers who are too often left behind.

If you are considering automatically enrolling your employees in your company's 401(k) plan, you may be asking yourself this question: Is automatic enrollment worth the cost of additional employer matching contributions plus any cost of implementation or ongoing administration?

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Does your organization automatically enroll new or existing employees in its 401(k) plan?*	Does your organization automatically escalate the contributions of employees in its 401(k) plan?*