Looking ahead to 2019, Groom Principal Brigen Winters was quoted in the PLANSPONSOR article titled, “What Can the Retirement Plan Industry Expect in 2019?” which summarized expected trends and outcomes for retirement plan sponsors in the new year. On the topic of automatic enrollment and auto-escalation and the expectation that they will continue to be widely implemented in 2019, Winters noted that there were pending legislative changes to the tax code nondiscrimination safe harbors that he’ll be watching closely.
“We are also monitoring and talking with plan sponsor clients about various legislative proposals that would adjust the auto enrollment and escalation rules, including the caps, and related safe harbors,” he commented.
