Archive for April, 2015

The Latest ManagedPAY News and Opinions

April 8th, 2015

Should Your 401(k) Plan Adopt An Auto-Enrollment Feature?

Current tax law gives employers encouragement to start automatically enrolling employees for tax-saving 401(k) elective deferral contributions (also called salary reduction contributions). The Pension Protection Act of 2006┬áremoved perceived state-law restrictions and made other changes. The end result of these changes: Companies adopting auto-enrollment features will have more employees participating. Larger allowable salary reduction contributions… Read More