4 key features boost participation in retirement plans

07/22/2013 | National Underwriter Life & Health

Participation in defined contribution retirement savings plans can be significantly increased by four key features, according to research by Principal Financial Group. Those features are automatic enrollment, automatic increases, online deferral changes and employer contribution. When at least two of the features are available, the average participant savings rate is 11%, more than twice the national average, the research found.

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