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.
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.
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