For employers, Improve the savings rate among your employees

Adopt automatic enrollment into a savings plan for your employees.
You can give your employees a form stating that they are automatically enrolled in a savings plan. If they opt out, they have to fill in another form. Most employees will keep their default enrollment into a savings plan rather than engage in the tedious process of filling in opt-out forms.

Eliminate the default option and force employees to choose whether to join a savings plan or not.
When your company hires a new employee, make them decide whether to join a savings plan or not. Ask them to check either the “Yes” or “No” box before receiving a salary. This can improve employee participation in a company’s savings plan.

Simplify the application form to make the process easier.
Provide employees with enrollment cards with a “Yes” box for joining the company’s savings plan. They either check the box or leave it blank. Employees won’t have to deal with complex issues like savings rates or asset allocation because these will already be preselected.

Get employees to save more than the minimum rate by automatically escalating their contributions.
You can invite employees to commit, in advance, to increase their savings contributions with every pay raise. Once they join the program, their savings automatically increases. They won’t experience a reduction in take-home pay and view their increased contribution as a loss.