There’s an old practice getting some new attention these days—“reenrollment.” In this episode, Nevin and Fred take a look at the trend and its implications.
Let’s face it, just because circumstances weren’t right for joining the plan a year ago doesn’t mean they should be overlooked forever. Said another way, if at first you don’t “succeed” in enrolling them in the plan, this presents another opportunity to do so. The increase in participation rates proves the success.
Episode Resources:
If at First You Don’t Succeed—The Case for 401(k) Reenrollment
Senate HELP Members Introduce Bill Blessing Automatic Reenrollment
Legislation Backs Automatic Reenrollment
Do Reenrollments ‘Stick’ With It?
Reader Radar: The Impact and Import of ‘Automatic’ Designs
Try, Try Again—A Reenrollment Case Study
Reenrollment Can Lead to Better Participant Outcomes
Reenrollment a Path to Improved Investing and Fiduciary Protection, Paper Argues
