Automatic 401K Enrollment: How To Make Your Company's Plan Work For You

DailyFinance:

If you've started a new job recently -- or at least since 2006 -- you may have found that your new company automatically enrolled you in its 401(k) plan. Why 2006? Because that's when Congress passed the Pension Protection Act of 2006, which encouraged companies to automatically enroll employees in 401(k) plans and cleared up some of the legal issues surrounding the practice.

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Comments

[kanester]

12:22 PM on 03/11/2010

Here's the only way to make your company's 401K work for you -- opt out of it and save your money. The facts are there ... 401Ks will bring in less than the measley savings rate over time.