Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you need. Our community is here to provide detailed and trustworthy answers to any questions you may have.

How does an employer's presentation of retirement savings options affect employees?

A. By automatically enrolling employees to tap into their default bias
B. By assigning employees to different saving courses in the retirement plan
C. By offering various saving courses in the retirement plan
D. By making the plan more complex to get employees more involved

Sagot :

GinnyAnsweridn

Final answer:

Employers can boost retirement savings participation by automatically enrolling employees in default plans to counteract status quo bias.


Explanation:

Employers can influence employees' retirement savings decisions by automatically enrolling them in default plans, leveraging their status quo bias. This strategy helps increase the participation rates in retirement savings programs by streamlining the enrollment process and countering individuals' tendency to stick with the default option.


Learn more about Retirement savings participation here:

https://brainly.com/question/37789428


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is dedicated to providing accurate answers. Thank you for visiting, and see you next time for more solutions.