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Most defined contribution retirement plan participants who are reenrolled in a plan’s default fund remain in that investment a year later, with only a few partially opting out, a recent Vanguard case study of reenrollment found.
With an ever-increasing number of private-sector retirement plan participants relying on automatic enrollment and the investment choices their employers select, the best way for plan sponsors to help these workers achieve a secure retirement is to choose and manage their default options well, a new survey suggests. The defined contribution investments unit of money manager […]