Tag: employee contribution
Abstract Automatic enrollment has been widely embraced for raising employee participation in 401(k) plans. However, the empirical evidence is based on data with limitations that, up until now, have prevented researchers from extrapolating the effects of automatic enrollment to the broader population of workers. This paper reexamines the determinants of 401(k) participation and contributions in…
The brief’s key findings are: State and local plans, which were headed toward full funding, were knocked off track by the financial crisis. Their funding ratio dropped from 84 percent in 2008 to an estimated 78 percent in 2009. Funding will likely continue to decline to 72 percent by 2013. Reversing this decline will b…
