Automatic Enrollment

Business, Legal & Accounting Glossary

Definition: Automatic Enrollment


Automatic Enrollment


Full Definition of Automatic Enrollment


Enrollment of an employee in a 401K or similar retirement plan without a choice on the part of the employee. The IRS allows employers to automatically deduct a fixed percentage from an employee’s wages for a qualified plan unless the employee chooses to contribute nothing or a different amount.


Cite Term


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Page URL
https://payrollheaven.com/define/automatic-enrollment/
Modern Language Association (MLA):
Automatic Enrollment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/automatic-enrollment/.
Chicago Manual of Style (CMS):
Automatic Enrollment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/automatic-enrollment/ (accessed: December 07, 2021).
American Psychological Association (APA):
Automatic Enrollment. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/automatic-enrollment/

Definition Sources


Definitions for Automatic Enrollment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.