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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.