Topic Archive: Automatic Escalation

Does Adding an Automatic Escalation Option Require a Plan Document Amendment?

DWC | 08/22/17

Facts

We have considered automatic enrollment for our 401(k) plan but have, thus far, decided not to implement it. However, for our employees that do sign up to defer, we would like to offer them a way to elect automatic deferral increases at set intervals throughout the year.

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