By the end of last year, 36 percent of 401(k) plans serviced by Vanguard had implemented an auto-enrollment feature, a 50 percent increase since 2009, according to its annual report, How American Saves 2015.
Last year, 60 percent of new plan entrants were automatically enrolled.
"Over the past decade, we've seen a meaningful jump in total participation rates,” said Jean Young, lead author of the report and a senior analyst at the Vanguard Center for Retirement Research.
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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.
