News You Can Use: Where's the surge?

No, not that surge – the one that was supposed to revolutionize retirement savings. Even though auto-enrollment was projected to spike 401(k) enrollment, a new 401(k) benchmarking survey from Deloitte shows that has not been the case. In fact, 401(k) enrollment is about the same as it’s been for the last couple years – hovering around 76% -- although 42% of the plan sponsors polled have an automatic enrollment feature now, compared with only 23% two years ago.

Click below for more EBN coverage on auto-enrollment.
- Auto features escalate savings
- This is your captain speaking: Auto-pilot retirement plans increasingly popular, but an adviser's counsel still worthwhile