2016 was quite a year! What’s up next? Check out this post instead: 401(k) Trends in 2017“An alternative is to adopt automatic enrollment. Here’s how it works. When an employee first becomes eligible, she receives a form indicating that she will be enrolled in the 401(k) plan, unless she actively fills out a form asking to opt out.” ~Nudge, Thaler and Sunstein, p. 111In their groundbreaking text, Nudge, author’s Thaler and Sunstein explain how making it easier to “do the right thing” can improve many aspects of society. The above quote describes one of the most important current trends in 401(k) plans today: auto-enrollment. New employees, consumed with transitioning into a new job and the reams of onboarding paperwork frequently put signing up for the company 401(k) on the back burner. In some cases, even with the offer of free employer matching contributions (free money!) these employees defer, or worse, avoid signing up for the 401(k) plan. This one decision can cost them tens of thousands of dollars or more over a lifetime.Other trends in 401(k) plans include lowering fees, offering easier access to investment advice, and delivering technology assisted investing solutions.