Photographer: David Trood/Getty Images

Why Doesn’t Your Company Want You to Put More in Your 401(k)?

They welcomed automatic enrollment and contribution increases a decade ago. Not any more.

A decade ago, the U.S. Congress said companies could tweak retirement plans to get a lot more workers to save. The 2006 Pension Protection Act made clear that employers were allowed to automatically sign up employees for a 401(k), and automatically increase their contribution percentage year after year. Employees could still change their plan or opt out, but most weren’t expected to bother.

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