Figure 3: Automatic enrollment and automatic increases
The exhibit contains a stacked bar chart. The horizontal axis is labeled “Automatic default rate.” The vertical axis is labeled “Percentage of automatic enrollment plans.”
Among automatic enrollment plans with a default rate of 1% to 2%, 57% offered an automatic annual increase, 30% offered a voluntary automatic increase, and 13% offered no automatic increase.
Among automatic enrollment plans with a default rate of 3%, 74% offered an automatic annual increase, 20% offered a voluntary automatic increase, and 6% offered no automatic increase.
Among automatic enrollment plans with a default rate of 4%, 78% offered an automatic annual increase, 16% offered a voluntary automatic increase, and 6% offered no automatic increase.
Among automatic enrollment plans with a default rate of 5%, 64% offered an automatic annual increase, 27% offered a voluntary automatic increase, and 9% offered no automatic increase.
Among automatic enrollment plans with a default rate of 6% or more, 66% offered an automatic annual increase, 32% offered a voluntary automatic increase, and 2% offered no automatic increase.