Auto Features: Set it and forget it?

Automatic enrollment is one of the most effective ways to increase participation in workplace retirement plans. Yet according to NAGDCA research, half of the states wholly prohibit automatic enrollment for public employees, while another 16 limit it in some form.

This panel will explore both sides of the issue. First, we will hear about the two-year journey one organization took to implement a new automatic enrollment program. In contrast, we will hear from a plan that was prohibited from using automatic enrollment but found alternative methods for increasing plan participation. So regardless of your state's laws, there are methods and paths to improve your plan’s outcomes.

Speakers:

  • Moderator: Josh Franzel, President and CEO, SLGE
  • Panelist: Dagmar Nikles, Managing Director, Head of Plan Strategy, BlackRock
  • Panelist: AJ Padilla, Lieutenant, Chairperson, City of Austin Deferred Compensation Committee, City of Austin
  • Panelist: Nancy Wishmeyer, Controller, City of Aurora

Learning Objectives:

  1. Learn about the current status of automatic plan features in public sector defined contribution plans.
  2. Learn the process and approach on public plan took to implement a new automatic enrollment program.
  3. Learn alternative methods for increasing plan participation in states where automatic enrollment is prohibited.

 

Materials
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