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Auto Deferral Rates: Why Plan Sponsors Should Increase Them

Auto Deferral Rates: Why 401k Plan Sponsors Should Increase Them. At a TPSU program conducted at LaSalle University in the Philadelphia region, the manager of benefits and compensation of a 2000 employee company explains why they increased their auto-enrollment deferral rate from 3% to 6% for their 401k plan and also added auto escalation up to 10%.

Learn why they made the change and the reaction of employees. It’s a must watch video.

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Penalties for Secure Act Noncompliance

SECURE Act Noncompliance Comes with Penalties

SECURE Act Noncompliance Comes with Penalties SECURE Act Noncompliance can result in Penalties for Plan sponsors. Passed in late December 2019, the SECURE Act is designed to help more American workers achieve financial security in retirement. As such, this landmark ...