27 minutes | Sep 9th 2020

Implementing Auto-Enrollment Into Your Company’s 401k Plan

“Often employees don’t get into a plan because they don’t know or they are scared. With auto-enrollment, they don’t have to do anything to get into a mixed investment portfolio appropriate to their age.” - Kim Moore 


The finer details in this episode:

  • What is auto-enrollment? 
  • How investments are chosen for auto-enroll plans 
  • Pros and cons of implementing an auto-enroll plan 
  • Processes for notifying employees when they are being enrolled 
  • Factors to consider when deciding if you should implement auto-enrollment into your 401k plan 
  • Possible pitfalls with auto-enrollment and how to avoid them 
  • The process of getting started with auto-enrollment 


Episode resources

  • Summit CPA website - www.Summitcpa.net    
  • Email us with questions - audit@summitcpa.net