If Americans aren't saving enough for retirement, why aren't corporations requiring automatic enrollment in their 401(k)s ?
Fidelity is going to require automatic enrollment beginning in January reports the Boston Globe.
Beginning Jan. 1, all Fidelity employees will automatically be enrolled in the company's 401(k) retirement plan, a move designed to prod the small percentage of the company's 32,500 employees who haven't yet started a nest egg at work.
''If you force that on people, make it part of what they do every pay period, it will become part of a very successful" retirement system, Fidelity chief operating officer Robert Reynolds said in a speech yesterday morning before the Greater Boston Chamber of Commerce
Posted by Jill Fallon at September 22, 2005 2:20 PM | Permalink