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Automatic enrollment proves popular among 401(k) clients

New York Life Retirement Plan Services saw an unexpected jump in its number of 401(k) plan clients adopting automatic enrollment this year. Examples include ThyssenKrupp Materials NA of Southfield, Mich., where employee response has been overwhelmingly positive. The firm's director of human resources called the move "the very best thing we have done for the company." Pensions & Investments (12/24)