Automatic Escalation

Our Automatic Escalation feature gradually increases contribution rates, helping your employees steadily grow their retirement savings.

Automatic Escalation

Our Automatic Escalation feature gradually increases contribution rates, helping your employees steadily grow their retirement savings.

Embracing Automatic Escalation

At Prosperity Financial Group, we implement automatic escalation to help your employees boost their retirement savings gradually and comfortably, aligning with their increasing earning potential.
This is a feature that automatically increases the percentage of an employee’s salary that’s contributed to their retirement plan on an annual basis, typically by 1% per year until it reaches a set maximum (commonly 10% or 15%).
The main benefit of automatic escalation is that it helps employees incrementally increase their savings rate over time, which can significantly boost their retirement savings without causing a noticeable impact on their take-home pay. It’s particularly beneficial for employees who might otherwise be reluctant to increase their contributions.

You’re in GOOD Company

More than 4,500 employees at over 30 companies save with Prosperity 401(k) Advisors.

401k Resources

IRS Updates

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The Internal Revenue Service (IRS) has announced significant updates for 2024, impacting various retirement plans, including 401(k), Individual Retirement Accounts (IRA), and Roth IRAs. These changes, primarily influenced by cost-of-living

Executive employees

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