Of the 40,000 retirement plans served by Ascensus, one of the largest independent service providers to sponsors in the U.S., 55 percent of employers funded a match in 2014, an improvement from 2013.
That's evidence of employers' commitment to offer enhanced benefit offerings, and an indication that a strengthening economy is leading to improved 401(k) design, according to the Dresher, Pennsylvania-based service provider.
By the end of 2014, 18 percent of plans serviced by Ascensus used automatic enrollment, a three-point jump from the previous year.
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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.
