Just how impactful have investment product and plan design innovations been on the savings habits of participants in employer-sponsored retirement plans?

This year's How America Saves study from Vanguard—which could just as well be titled How America Has Improved the Way It Saves—sets out to put a fine point on the role managed products and automatic enrollment have had on the 4.9 million participants in the fund manager's recordkeeping business.

When Congress passed the Pension Protection Act of 2006, it set a direct course for automatic enrollment, target-date funds, and other professionally managed options for savers.

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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.