Intelligence

So Your New Employer Has “Automatically” Enrolled You In a 401k Plan?

Reporter: Brian O'Connell

Publication: USNews.com

Contact: iq@fullyvested.com

Deadline: May 17, 2017 7:00 pm

Story: So Your New Employer Has “Automatically” Enrolled You In a 401k Plan? Tread Cautiously — In years past, employees had to “opt-in” to their employer’s 401k or 403b retirement plan. But in recent years, more and more companies have started automatically enrolling employees in their organization’s plan unless they specifically “opt-out.” While the change has resulted in more workers saving for retirement – a good thing – leaving the amount and investment mix of your retirement savings up to your employer may not be a great idea, and here’s exactly why (and what to do about it.) . . . I need experts to weigh in on automatic 401k enrollment plans, i.e., what you think of these plans, what are the pros and cons, what are the risks involved , if any, and any advice you have for 401k participants who are auto enrolled these days. Basically, what you think of auto enroll plans and why. Requirements: 401k experts, retirement experts, human resources professionals, investment experts, actual 401k savers.

Read Article: https://www.usnews.com/