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 Three 'Autos' Should Drive Future 401(k) Plan Participation Monday, October 29, 2007
When it comes to retirement savings, most people start too late, don't save enough, and then fail to protect their savings through a diversified portfolio.
That is expected to start changing this year under a new law signed last August by President Bush and undergoing final rule-making by the Department of Labor. The Pension Protection Act of 2006 (PPA) contains three "automatic" provisions designed to boost participation in defined contribution pension plans, such as 401(k) plans.
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