Financial Services Industry
Industry: Email Alert RSS FeedDefined contribution: Congress likely to get involved in enrollment, deferral issues.
Pensions & Investments, March, 2005 by Feinberg, Phyllis
Byline: Phyllis Feinberg MIAMI - The use of automatic enrollment and automatic deferral increases in defined contribution plans might be voted into law by Congress next year. That was one of the predictions of James M. Delaplane Jr., partner, benefits group, Davis & Harmon LLP, Washington, in his keynote address at Pensions & Investments' 13th Annual East Coast Defined Contribution/401(k) Plan Conference on Feb.
25. Mr. Delaplane said Congress has "in large measure'' given up on defined benefit plans as the primary private-sector retirement vehicle for corporate employees and will focus its efforts on measures that will strengthen defined contribution plans. The automation of defined contribution plans, including auto enrollment and automatic deferral...
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