Contributions Matter Most
At PCI, we believe that retirement readiness depends greatly on the amount participants contribute to their retirement plan. Yet, far too few Americans are saving enough to confidently retire on time.
Not even the best-managed 401(k) plans can make up for low or zero employee contributions.
Did you know that automatic features can have a significant impact on your participants’ contributions?
Learn about one of the best strategies to boost total plan contributions and make a difference in your employees’ lives.
Here are a few tips that can make an impact when using Automatic Features:
Choose an initial deferral rate of at least 5%
Auto escalation can go a long way toward keeping participants on track for retirement