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New Study Affirms Auto Solutions Boost Retirement Readiness
Submitted by Michael Israel, CFP® - Director- Investments
Katz Israel Katz Private Client Group of Oppenheimer & Co.
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 | Michael Israel
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There is new hope that Americans will be better prepared for retirement, thanks to automatic features offered through employer-sponsored retirement plans, according to a study just released from Lincoln Financial Group. The survey explored plan sponsors' perspective on the value of automatic retirement plan features including automatic enrollment, automatic escalation and qualified default investment alternatives (QDIAs). The study found that 94% of plan sponsors recognize the success of automatic enrollment features in helping them address their plan-related goals and that these features drive higher participation and deferral rates along with better investment performance.
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