More than 30 percent of the 401(k) plans administered by T. Rowe Price Retirement Plan Services are automatically enrolling participants at a 6 percent or greater deferral rate, according to the company's annual benchmarking report.
That represents a notable increase, as just 17 percent of plans deployed as aggressive of a strategy in 2011.
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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.
