Many employers have gone to ____ in their retirement plan that allows the employer to sign up all eligible employees rather than only sign up those who say they want to do so.

Question

Quizplus · Accepted Answer

Automatic enrollment is a retirement plan feature where the employer automatically enrolls eligible employees in the plan, without the need for the employees to actively fill out paperwork. This helps encourage retirement savings participation and can benefit employees who may not have otherwise chosen to participate. This differs from traditional enrollment processes, such as defined-benefit initiation or defined-contribution sign-up, which require employees to take action to enroll in the plan. "Blanket enrollment" is not a common industry term for this type of retirement plan feature.

Many Employers Have Gone to ____ in Their Retirement Plan