(Bloomberg) -- A retirement savings wave that has beenrolling stealthily across corporate America is gaining momentum.Some 68 percent of large U.S. companies now automatically enrollemployees in 401(k) plans, up from 58 percent two years ago,according to a new survey.
Three-quarters of those employers bump up worker savings ratesautomatically every year, and many continue until savings rates hit10 percent and beyond—or until, presumably, the employeescreams.
That may seem a little heavy-handed, but a retirement planthat's largely on autopilot can make inertia work for, rather thanagainst, savers.
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