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
401(k) Fiduciary vs Investment Advisor: Which is Better?
In the world of business management, understanding the roles and responsibilities of various financial professionals is paramount. Particularly when it comes to handling retirement plans like 401(k)s, the expertise brought
The Impact of Plan Features on 401(k) Performance
The role of 401(k) plans in an employee’s financial stability cannot be overstated. As such, companies must ensure these plans are structured to provide the best possible outcomes. Superior plan
Customized 401(k) Plans: A Tailored Alternative to Target Date Funds
Discover why customized 401(k) plans are a better choice for businesses and learn how to provide diversified investment options for your employees. The Limitations of Target Date Funds for 401(k)
