Some might call the Wall Street Journal's article on automatic enrollment "sensationalized pessimism," but if there's no such thing as bad publicity, then I'd say that putting auto-enrollment in the spotlight is a good thing.
The WSJ paints a picture of how auto-enrollment is poisoning retirement savings because people are locking in at the default rate of 3 percent, rather than the more common elective rates of 5 to 10 percent.
Even if you took that conclusion in the negative (which I don't), the question is, how many people are actually affected?
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
