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Automatic Enrollment Improves 401k Plan Participation

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automatic enrollment

Low 401k participation is a concern for plan sponsors, since it means that employees are not on track for retirement readiness. In many cases, low participation can result in a failure of the 401k plan’s nondiscrimination tests. Often the test results end up creating unwanted refunds to highly compensated employees.  As 401k Advisors, we look [...]

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