Barb Van Zomeren discusses potential benefits of state auto-IRA programs

In a recent SHRM article, VP Barb Van Zomeren discusses potential benefits of state auto-enrollment IRA programs and the role they could play in addressing the nation’s retirement plan coverage issue. “Savers that are targeted to participate under government-run IRAs currently have no formal workplace retirement savings program—with or without ERISA oversight—and in all probability have little, if anything, saved for retirement,” she states. “For such employees, an IRA-based auto-enrollment retirement plan is an important first step toward a secure retirement.”