Wachovia Retirement Services is launching AdviceTrack, a new defined contribution program that will allow plan sponsors to boost contributions while enabling employees to delegate asset allocation and investment decisions to experts.

Employees commit to incremental annual increases in their savings rate, generally timed to coincide with merit reviews. Behavioral research indicates employees aren’t saving enough for retirement, but they are more likely to increase 401(k) deferral amounts if they coincide with a salary increase, Wachovia said.

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