PSCA Finds Improvements in 401(k) Plan Design
More plan sponsors are making Roth contributions available, automatic enrollment default deferral percentages are increasing, and company match formulas are becoming more generous.
Tag: profit sharing plans
Default Rates for Auto Plan Features Moving Up
More plans are auto enrolling at a greater than 3% default deferral rate, and 13% of plans are increasing deferrals at more than 1% annually, a PSCA survey found.