DOL Publishes Auto Enrollment for Small Employers

In collaboration with the IRS, the DOL has published a booklet designed to assist small employers in establishing automatic enrollment Section 401(k) plans.

Document Excerpt 

WHY AN AUTOMATIC ENROLLMENT 401(k) PLAN?

 

 

 

 

Do you want a retirement plan that provides a high level of participation and makes it easy for you to withhold employee contributions and select the investments for those contributions? Then you may want to consider an automatic enrollment 401(k) plan.

 

 

 

 

 

 

 

 

Link http://www.dol.gov/ebsa/pdf/automaticenrollment401kplans.pdf

 

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