The brief’s key findings are:
- Several states now require employers without a retirement plan to automatically enroll their workers in a state auto-IRA program, with workers allowed to opt out.
- The role of employers is limited; they are responsible for registering with the state and then setting up workers’ payroll deductions.
- The results in Oregon show that, while the lag between registration and payroll submission is longer than initially anticipated, the rollout is getting faster over time.
- In addition, field visits by program staff – particularly to employers that are very small or in the farming industry – may help speed up the process.