Can Auto-Enrollment Success Lead to Retirement Savings Failure?
Michelle Capezza was quoted in a Fiduciary News article discussing the relationship between automatic enrollment, small-balance cashouts, and fiduciary responsibilities in retirement plans, including how plan sponsors can help employees manage retirement assets when changing jobs.
Michelle says, “The implementation of these designs, and proper operation of the plan, are fiduciary responsibilities, as well as the prudent selection and monitoring of the default investments for automatic contributions.”
Source