HRCI
SPHR · Question #264
An organization finds that a large percentage of its employees are not enrolled in its 401(k) plan. The best way to increase participation is to:
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Question
An organization finds that a large percentage of its employees are not enrolled in its 401(k) plan. The best way to increase participation is to:
Options
- Areduce fees imposed by the plan.
- Breduce the time needed to be vested.
- Cimplement automatic plan enrollment.
- Dincrease the number of funds available.
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Topics
#401k plan#automatic enrollment#retirement benefits#plan participation