401(k) auto-enrollment features don’t help savings as much as expected, study finds

401(k) auto-enrollment features don’t help savings as much as expected, study finds


Key Points
  • 401(k) plan policies like auto-enrollment and auto-escalation have become popular.
  • They aim to boost workers’ retirement savings.
  • Pioneering researchers found that the policies may be less effective than they’d previously thought. However, the effects are still positive, they said.



Source

Stocks making the biggest moves premarket: Walt Disney, Cisco Systems, Firefly Aerospace and more
Finance

Stocks making the biggest moves premarket: Walt Disney, Cisco Systems, Firefly Aerospace and more

Check out the companies making headlines before the bell: Walt Disney Company — The media giant fell more than 4% on mixed fiscal fourth-quarter results . The company earned an adjusted $1.11 per share, beating an LSEG estimate of $1.05 per share. Revenue, however, came in at $22.46 billion, below a consensus forecast of $22.75 […]

Read More
Stocks making the biggest moves after hours: Cisco, Flutter Entertainment, Firefly and more
Finance

Stocks making the biggest moves after hours: Cisco, Flutter Entertainment, Firefly and more

Check out the companies making headlines in after-hours trading. Cisco — Shares of Cisco gained more than 7% in extended trading after the networking company posted better-than-expected profit and revenue for its fiscal first quarter. Cisco earned $1 per share, excluding items, on $14.88 billion in revenue, while analysts polled by LSEG expected 98 cents […]

Read More
Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts
Finance

Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts

Key Points Boston Fed President Susan Collins said she will be reluctant to support further rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data. “I see several reasons to have a relatively high bar for additional easing in the near term,” said Collins, a voter this year on […]

Read More