Video: Advantages of Retirement Plan Auto Features



With certain 401(k) automatic features turned on, you can allow your employees to save more while lightening your administrative workload.


Advantages:

  • Increases participation in the retirement plan

  • Provides automation of administrative tasks

  • Employer tax credit of $500 per year for the first 3 years

See how these features fit into your workplace for streamlined administration and enhanced retirement plan savings.




This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.


©401(k) Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or distribute outside original intent.

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