IRS Makes 401(k) Autoenrollment a little easier

“Today, Treasury and IRS are taking another step to promote broader participation in 401(k) and similar plans by facilitating automatic enrollment and automatic contribution increases,” said J. Mark Iwry, senior advisor to the Secretary and Deputy Assistant Secretary for Retirement and Health Policy. “These simplified, safe harbor correction methods build on previous steps to encourage plan sponsors to adopt “next generation” features and practices that help employees save for retirement.


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