Thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act,
signed into law at the end of 2019, employers offering a safe harbor 401(k) plan with an automatic increase (or auto-escalation) feature can increase plan participants’ contributions until they amount to

15 percent of pay. Before the SECURE Act was passed, the cap on default contributions under an auto-escalation program was 10 percent for safe harbor plans.Higher default contribution rates can prod workers to