The majority of companies now rely on automated features in their 401(k) plans to help participants either take immediate or eventual advantage of company matching funds.
That's according to an Aon Hewitt survey of 100 companies in which 29 percent of the respondents said they aren't relying on their employees to save enough to meet company matching funds requirements.
Instead they're using automatic enrollment at a contribution rate that is at or above the company match threshold, thus compelling participants to contribute enough from the very beginning to take full advantage of company matching funds.
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