Word: automaticism
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There's a war going on over government and industry's efforts to get you to save for retirement. If you haven't been doing your part by stashing money in a 401(k) plan, you just might get drafted. That's right. A growing number of companies have begun...
Nationally, 80% of those who qualify take part in a 401(k) plan. But a recent Hewitt Associates study found that the participation rate among new employees shoots to around 97% with automatic enrollment. In view of that, more than 7% of companies now automatically enroll employees in their 401...
There are substantial problems with automatic enrollment. In most plans companies choose a low-yielding money-market fund as the default investment and 2% or 3% of pay as the default contribution rate. If you're not paying attention--and that fairly describes anyone who must be forced into a...
The Ancient Eight title would have given the Crimson an automatic NCAA berth.
Even so, there would be no salvation for the men whose duties placed them in the reactor control rooms and the turbine and machinery spaces behind the reactors. The flash flooding in the forward part of the Kursk would have caused the bow to drop, pitching the 14,000-ton...