If I were you, I would pass a law that says if you want to be a 401(k) plan, you have to automatically enroll all your employees in it every year and have the default contribution level be at 6 percent and automatically increase that level over time.
Orrin Hatch: “If I were you, I would pass a law that says if you want to be a 401(k) plan, you have to automatically enroll all your…”
On the recordJanuary 27, 2016
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congress.govEditor's note · Context
Hatch advocates for mandatory automatic enrollment in 401(k) plans to enhance retirement savings.
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