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

401k contributions

401k Contributions Pre-Tax or Post Tax is Not an Easy Decision

401k Contributions Pre-Tax or Post-Tax is Not an Easy Decision 401k contributions pre-tax or post-tax is the conundrum facing many 403b and 401k participants.  Plan participants will frequently ask, Should I make my 401k contributions pre-tax or post-tax?  They want ...