
10 key features of a retirement-ready 401(k)
Employers have the responsibility to help their employees achieve retirement readiness by offering a 401(k) plan with features that guide participants down the right path. The following attributes are generally found in retirement-ready 401(k) plans.

1. Auto-enrollment

2. Auto-escalation

3. Auto re-enrollment
The combined use of these three “auto” features generally results in plan participation rates in the low 90% range. These features also give participants a shot at attaining the annual contributions of 12% to 15% of gross pay that

4. Tighter rules surrounding participant loans

5. Roth 401(k) availability

6. Stretched employer match

7. Integration of 401(k) plan and financial wellness education

8. Lowest possible cost investment options

9. Participant investment advice
