Auto Enrollment Opportunities Expand for Public Sector Retirement Plans
Auto enrollment is a retirement plan feature that automatically enrolls new employees into their employer-sponsored retirement plan while allowing them the ability to opt out at any time. It is used to increase employee participation in plans and to promote retirement savings. The
"ICMA-RC is pleased to have led the industry in advocating for this terrific opportunity for public sector employees, many of whom benefit from being automatically enrolled into their employers' retirement plans for the first time," said ICMA-RC President and CEO,
While some public sector providers have been offering 457(b) plans with auto enrollment, the
About ICMA-RC
Founded in 1972, ICMA-RC is a non-profit independent financial services corporation with approximately
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SOURCE ICMA-RC
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