Auto Enrollment, Vesting & Eligibility
Plan sponsors can designate specific plan participation parameters to help reduce cost, increase plan participation, and increase retention.
Learn More About
401(k) Plan Features
Eligibility
Eligibility determines when a new employee can start saving into the plan, what categories of employees can enroll ( e.g., age, hours worked, etc.) and when an employee can enroll (e.g., monthly or annually).
Vesting
A vesting schedule determines when contributions made by the employer will be fully owned by the employee. Vesting schedules vary, but most 401(k) plans have a vesting schedule of three to five years.
Auto Enrollment
Automatic enrollment is a 401(k) plan feature that automatically enrolls your eligible employees into your 401(k) plan and gets them started with contributing a portion of their salary at a preset rate.
Plan Features Checklist
When’s the last time you assessed your plan features? Use our checklist to identify opportunities to improve your plan.
Case Study
Find out how a business reduced plan costs and increased participation and savings rates by changing their plan features.
Contact Us
One of our 401(k) business specialists would love to talk to you about your company’s retirement plan needs.
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(877) 626-0277
