New regulation expected to raise 401(k) participation

A finalized regulation to be issued by the Labor Department today is expected to significantly boost employee participation in 401(k) retirement plans. The regulation clarifies how employers can invest money from workers who were automatically enrolled in the plans rather than actively signing up. One aspect of the regulation will also give companies a green light to automatically enroll existing employees. Many employers have been unsure about whether they faced legal liability if they automatically enrolled existing, rather than just new, workers. Click here to read more.