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How your company may be hurting your retirement savings

Alessandra Malito
How your company may be hurting your retirement savings

Auto-enrollment introduces millions of Americans to the concept of saving for retirement — but it’s not enough of a good thing. More companies are implementing automatic enrollment, in which new employees are signed up for a retirement plan, such as a 401(k) or 403(b), when they start their jobs. Some organizations are even incorporating auto-escalation, where the employee’s contribution rate is increased every year.