More eligible workers are participating in 401(k) plansadministered by Wells Fargo, as increased auto-enrollment isbringing more millennials and lower-paid workers into theretirement savings fold. That’s according to new numbers releasedby the bank’s retirement services arm, which administers plans for3.8 million participants.

The number of participating eligible employees rose 13 percentbetween 2011 and 2015.

As of now, 40 percent of Wells-administered plans offer theauto-enrollment feature, compared to 30 percent in 2011, accordingto a statement from Wells.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.