A video series, direct from Charlie Epstein, based on his book; Save America, Save! Secrets to a Successful 401(k) Plan. Charlie talks about valuable strategies you can implement to improve your 401(k) retirement plan and your employees’ retirement savings outcome.
Today I’m covering another facet of Auto to the 5th Power, automatic re-enrollment. You have can actually re-enroll your employees into that Qualified Default Investment Option, or QDIA, to provide incredible protection for you as a plan sponsor and help your employees save money to create that paycheck for life.
Welcome back to my series based on my book “Save America Save”. Today I’m covering the third automatic feature in “Auto to the 5th Power,” automatic escalation. This is my all-time favorite automatic feature, and here’s why.
Today I’m going to be talking about something I like to call Auto to the 5th Power. This is a way that you can use technology to automate savings for your employees and make your life easier, especially if you’re an HR director trying to get people to enroll in their retirement plans.
Picture this: you’re getting ready to go on a great vacation. You’re standing at the airport gate when all of a sudden, the agent comes on the intercom and says, “The captain would like me to announce that there is an 85% chance that this flight will not make it to your vacation destination on time and safely. Have a nice trip!”