Tag: auto IRA. auto enrollment
![Business team brainstorming with charts and graphs](https://crr.bc.edu/wp-content/uploads/2019/11/Businesss-team-brainstorming-with-charts-and-graphs-1536x1022.jpeg)
Abstract About half of private sector workers in the United States do not participate in an employer-sponsored retirement plan at their current job. To fill the gap, a number of state governments around the country have recently launched initiatives to automatically enroll their uncovered workers in Individual Retirement Accounts (IRAs). This paper reports on t…
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The brief’s key findings are: Since many workers lack retirement plans at work, some states are setting up programs that require employers without a plan to enroll workers in an IRA. Oregon was the first state to launch its auto-IRA and is now providing initial data on how workers and employers have responded. On the positive side,…