As Pandemic Rolls On, Some Employers Reinstate Matches
Though their business environments have not returned to normal, some employers that had made changes to their retirement plan match are beginning to revisit this decision.
Tag: participation
Data & Research
Compliance
T. Rowe Price: 401(k) Participation Nears 80%
What is particularly encouraging is that 37% of plans on T. Rowe Price’s platform automatically enroll their participants at a 6% or higher deferral rate.
More Detail From Rep. Neal’s Automatic Retirement Plan Act
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated each year.