Automatic Retirement Savings: Select Analyses


Arnaud Renardin (Editor)

Series: Retirement Issues, Plans and Lifestyles
BISAC: BUS050040

Although employer-sponsored retirement plans can be an important component of income security after retirement, only about half of all workers participate in such plans. To foster greater participation among workers who have access to such plans, Congress included provisions that facilitate plan sponsors’ adoption of automatic enrollment policies in the Pension Protection Act of 2006.

To foster greater retirement savings among workers who do not have access to an employer-sponsored plan, proposals have been made at the federal level for an “automatic IRA” and at the state level for state-based programs. Because of questions about the extent of retirement savings and prospects for a sound retirement for all Americans, the Government Accountability Office (GAO) was asked to determine (1) what is known about the effect of automatic enrollment policies among the nation’s 401(k) plans, and the extent of and future prospect for such policies; and (2) the potential benefits and limitations of automatic IRA proposals and state-assisted retirement savings proposals. This book analyzes automatic retirement savings plans with an overview of available reports and data, and interviews of plan sponsors, industry groups, investment professionals, and relevant federal agencies. (Imprint: Nova)

Table of Contents

Table of Contents


Retirement Savings: Automatic Enrollment Shows Promise for Some Workers, but Proposals to Broaden Retirement Savings for Other Workers Could Face Challenges

Automatic IRAs: Lower-Earning Households Could Realize Increases in Retirement Income


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