Automation is a hot topic in defined-contribution plans, but while there has been a steady increase in the adoption of features such as automatic re-enrollment and other automatic plan features, they still haven't reached ubiquity and might never get there.

That is one conclusion that can be found in the Callan Investment Institute's "2015 Defined Contribution Trends" study, based on a survey last fall that included 144 plan sponsors at large and mega 401(k) plans, as well as some government and not-for-profit plans.

The study found that while 61.7 percent of plans now offer automatic enrollment, it's still not the norm. Auto-enrollment is primarily targeted at new hires, and those who do not implement it cite it as being a low priority, too expensive or unnecessary.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • 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
NOT FOR REPRINT

© 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.