auto-enrollment Archives

Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap

A person working at a table with a laptop, analyzing charts on paper, in a bright living room. A mug is visible in the foreground.

Employee financial wellness programs and IRA auto-enrollment help address racial disparities in retirement preparedness, explains Wharton Prof. Olivia S. Mitchell, via Plansponsor.…Read More

State retirement plan is helping, study finds, but many opt out

A person counting U.S. dollar bills at a desk with a notebook and pen. Nearby are a smartphone and computer mouse, representing financial management or budgeting.

Auto-enrollment in state retirement plan helps initiate savings but many opt out explain Profs. John Chalmers (University of Oregon), Olivia S. Mitchell (University of Pennsylvania), Jonathan Reuter (Boston College) and Mingli Zhong (Urban Institute). Via AroundtheO…Read More

Do State-Run Mandatory Retirement Plans Help Workers?

A group of people wearing masks walking through an indoor corridor, possibly in a transportation hub or subway station. The scene is in black and white.

The OregonSaves program requires private companies lacking 401(k) plans to auto-enroll eligible employees. Wharton Prof. Olivia S. Mitchell, with John Chalmers, Jonathan Reuter, and Mingli Zhong, reviewed the program and its effects, via Think Advisor. …Read More

Auto-Enrollment Retirement Plans for the People: Choices and Outcomes in OregonSaves

A wet, empty road with double yellow lines curves through a forested landscape on a cloudy day, surrounded by dense trees and hills.

Oregon is leading the way expanding access to workplace retirement plans via its OregonSaves program. How has it affected participation and outcomes among eligible employees? A new paper entitled “Auto-Enrollment Retirement Plans for the People: Choices and Outcomes in OregonSaves,” by John Chalmers, Olivia S. Mitchell, Jonathan Reuter, Geoffrey Sanzenbacher…Read More