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Auto-features won’t work in the decumulation phase of defined contribution plans, says Shlomo Benartzi.

Research examined the effects of establishing future dates as new beginnings and opportunities to save for retirement

Reframing savings rates to pennies over percentages has proved useful in theory to boost participation and has shown success when put into practice.

Making the Savings Decision More Palatable for Participants Research and real-life experience show that framing amounts employees need to save in smaller bits can help them increase and sustain their savings. Reported by Research has found that when savers perceive the amounts they need to save on more granular terms, such as $5 per day as opposed to $150 per month, they are more likely to commit to and sustain a personal savings regimen. Hal Hershfield, an associate professor of marketing at the University of California, Los Angeles (UCLA); Stephen Shu, a research student at the University o...