automatic enrollment
Opt-out registration system
Automatic enrollment is a system where participation begins by default unless someone actively opts out.
Most commonly describes workplace retirement plans where employees are enrolled automatically, with contributions deducted from paychecks unless they decline: The company's automatic enrollment boosted 401(k) participation to 90%.
Also applies to insurance, subscriptions, and government programs.
- opt outDecline to participate
- defaultPreset standard option
- sign me upExpress eager commitment
- payrollStaff wages collectively
- pay periodInterval between compensation
401k · retirement plan · retirement · deduction · contribution · signup · checkbox · consent · participation · onboarding · pension · savings · employer match · benefits · waiver · escalation · compliance · human resources
- enrollmentmatriculation, admissions, intake, registrar
- pensionspension, pension fund, pension plan, pension benefits, pension funds
- retirement plans401k, IRA, Roth IRA, 403b, defined benefit
automatic, enrollment, automate, automated, automates, automating, automation, automaton, automatons