Automatic enrollment greatly increases participation in 401(k) plans for all racial and ethnic groups, with particular success for blacks and Hispanics, even among low earners, Vanguard research shows.

Most notably, automatic enrollment boosts participation rates by 60% for blacks, to 94%, and by 40% for Hispanics, to 95%. Even among Blacks and Hispanics earning less than $30,000 a year, participation under automatic enrollment jumps to 93% and 94%, respectively.

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