Back to Article:

The good and the bad of auto-enrollment

Add a comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Benefits Canada admins. Thanks!

* These fields are required.
Field required
Field required
Field required

Darren R:

Having seen the impact of auto enrollment in US plans I was somewhat surprised to find that average deferral rates end up lower with auto enrollment if the auto deferral rate is modest (eg 3%) with no auto esclation built in. As the article mentioned people get lulled into staying with the default and feel it must be the appropriate rate. If you use auto enrollment you need to have it set at an appropriate deferral rate and hopefully couple it with auto escalation.

Wednesday, November 09 at 4:18 pm | Reply

Join us on Twitter