Make It Automatic

Over the life of J.C. Penney Co.'s eight-year-old automatic enrollment plan, "the primary driver for the change in the deferral rate was to give our participants more of an opportunity to share in company profits" through the 401(k)'s annual match, says the company's retirement delivery manager, Philip Perez. But, he adds, "there is no question that a byproduct is potential improvement in the annual testing," which earns higher-paid employees more in tax-deferred contributions.—R.H.

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