Retirement savings plans are undergoing an extreme makeover. After decades of trying to teach Americans how to save and invest for their own retirements -- with mixed success -- employers have come up with a simple solution: They'll do it for you.
Thanks to automatic enrollment in 401(k)s and other retirement plans, plus streamlined investment options, saving is so effortless that you can't help but succeed. And that's true whether you're starting your career, switching jobs or planning your exit.
To help their employees compensate for disappearing pensions and declining Social Security benefits, more than one-third of large companies have embraced the new reality of retirement saving: the automatic 401(k). That's up from just 19% in 2005.