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.

x

Check Also

Small Balance Retirement Account

Plan Sponsors Have a Remedy for Small Balance Retirement Accounts

Plan Sponsors have a Remedy for Small Balance Retirement Accounts Many plan sponsors struggle with small-balance accounts left by terminated participants. However, there is a solution — encouraging account consolidation. Recently, BenefitsPro examined the factors contributing to the rise of ...