Automatic 401(k) Enrollment

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If you’re an employee, chances are you already know what a 401k plan is and how it helps employees save and build their retirement savings by way of contributing a portion of their tax-free wages. The money is then invested in the company-sponsored retirement account and allowed to grow tax-free until until retirement. However, while traditional 401(k) plans have proven to benefit the employees in many aspects, the sad truth is that when it’s up to them to take action, many of them don’t.

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