MLchartDataset catalogue

Automatic enrollment

Term · Economic statistics · MLC-T-ECS-000120

Enrollment in a defined contribution plan whose coverage begins as soon as eligibility requirements are met.

Note: As soon as eligibility requirements are met, employees become covered under a plan, but they have the right to decline coverage at any time. A minimum default employee contribution and default investment vehicles usually are set, but employees may choose to contribute a different percentage and change investments.

Table 1. Record
IdentifierMLC-T-ECS-000120
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000120",
  "term": "Automatic enrollment",
  "field": "Economic statistics",
  "definition": "Enrollment in a defined contribution plan whose coverage begins as soon as eligibility requirements are met.\n\nNote: As soon as eligibility requirements are met, employees become covered under a plan, but they have the right to decline coverage at any time. A minimum default employee contribution and default investment vehicles usually are set, but employees may choose to contribute a different percentage and change investments.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/automatic-enrollment/"
}

Record 120 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.