When employees are automatically enrolled in 401(k) plans the company tab can soar.
Russ Banham, CFO Magazine
July 15, 2008
Your readers might like to know that adding an auto-enrollment feature does not need to cost any more money. Also it is important as a CFO to have the liability in mind for all retirement benefits, thus a matching contribution liability should be looked at as if 100% of your employees participated to the maximum match. But many like to look at the liability as what they contributed the year before. Setting the budget to assume everyone will participate might be a valuable exercise then auto enrollment will be closer to expected.
Posted by Dorann Cafaro | July 25, 2008 04:16 pm© CFO Publishing Corporation 2009. All rights reserved.