Promoting Employer Engagement: State-Mandated IRAs Boost 401(k) Adoption

Title: Promoting Employer Engagement: State-Mandated IRAs Boost 401(k) Adoption Excerpt: In a bid to enhance retirement savings among American workers, several states have embraced a consequential solution – mandating Individual Retirement Accounts (IRAs) for employers who do not offer a 401(k) plan. This approach, aimed at promoting employer engagement, has exhibited impressive results in boosting 401(k) adoption rates nationwide.

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