how qualified automatic contribution arrangements qacas work
encouraging retirement savings at work has been a problem for economists and policymakers many employers offer 401 k or 403 b defined contribution plans however plan enrollment and contribution levels remain relatively low in actual practice traditional plans require opting in and research by nobel prize winning economist richard thaler indicates that default options have a powerful influence on choices 3one solution has been to implement an opt out plan where employees are automatically enrolled and must elect to stop participating 