A new study suggests that it is the size of the employer for whom an individual employee works for--not an employee?s income--that is the top determining factor as to whether an employee participates in a retirement plan. It found that the larger the size of the employer, the greater the likelihood that an employee will participate in a company-sponsored plan.
Over half of employers (53%) reported that they took action via internal communication to increase employee enrollment in benefits programs in 2007, more than doubling the figure (25%) of employers that did so in 2003, according to a new survey.
The Internal Revenue Service has posted a sample "Automatic Enrollment Notice" online to help plan sponsors satisfy requirements under proposed regulations issued in the fall on new safe-harbor qualified automatic contribution arrangements (QACAs) under Internal Revenue Code Section 401(k) (13) and on eligible automatic contribution arrangements (EACAs) under Code Section 414(w).
Money still speaks the loudest when it comes to attracting job candidates, but the importance of having a good benefits package has risen markedly according to a new survey conducted among chief financial officers (CFOs).
While gender still has a significant impact on the likelihood of an individual receiving a retirement annuity and/or employment-based pension income in retirement, the gender gap is closing according to a new study by the Employee Benefit Research Institute.
About one in four HR professionals report that less than half of their employees participate their employer's retirement savings plan, according to a recent Compensation.BLR.com poll.
The majority of employees that lack access to a defined contribution plan, such as a 401(k) or 403(b) plan, would participate in one if it were available, according to a recent survey conducted by AARP.
A new study of employer-sponsored retirement plans has found that employee support of automatic 401(k) enrollment is overwhelmingly positive. The "Retirement Made Simpler" study found employees whose companies automatically enrolled them were "nearly unanimous" in their support of the practice.
About the same percentage of HR professionals report that their company currently does--or might be willing--to provide 401(k) investment advice to its employees as those who report that they don't provide such advice and have no plans to do so, according to a recent Compensation.blr.com poll.
