Companies raising 401K auto-enrollment rates

Posted at 3:00 AM, Aug 26, 2016
and last updated 2016-08-28 13:40:06-04

Companies have been trying to get employees to save more in their 401K plans.

In a recent study by asset management firm T. Rowe Price, it was found that almost a third of the employers surveyed had automatically enrolled workers at the 6% savings rate in the plan.

That's way up from the 17% of companies that set the default rate at 6% back in 2011.

Learn more in this edition of Money Matters in the video above.

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