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Future 401(k) Plans May Be Set on 'Default' for Employee on Every Step from Enrollment to Rollover
CFO 
Apr. 4, 2005 Excerpt: Companies like the way autopilot 401(k) measures help their lower-income employees boost savings for retirement. But there's a nice kick for high-income employees, too. Under government 'nondiscrimination standards,' a formula allows companies that increase overall 401(k) participation to proportionally boost the tax-deferred pension contributions of executives and other highly compensated employees even more. MORE >> |
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