---
title: "Automatic Escalation: Increasing retirement savings in the Barrington area without a second thought"
description: "Automatic Escalation: Increasing retirement savings in the Barrington area without a second thought"
---

[The Plexus Groupe Insights](https://blog.plexusgroupe.com)

# [Automatic Escalation: Increasing retirement savings in the Barrington area without a second thought](https://blog.plexusgroupe.com/plexus-blog/retirement-plans/what-is-the-roi-of-your-lake-zurich-employee-wellness-program-2)

 Written by [Artoon](https://blog.plexusgroupe.com/author/artoon) | Apr 8, 2016 12:00:55 AM

   
Should companies in Barrington automatically increase the individual contribution rate for 401(k) plans as a way to help employees increase their retirement savings? It’s an approach some firms are taking. And there’s research that shows employees are in favor of such a plan.

Via *Pensions & Investments* magazine, 86 percent of participants enrolled in a plan that automatically increased their contributions on an annual basis elected to stay in the plan, according to a Principal Financial Group study.

Other evidence suggests 401(k) participants like the idea of auto-escalation. Via the Society for Human Resource Management, more than half of 7,545 people surveyed in a three-month span in 2013 by financial services/insurance firm One America said they would be agreeable to a plan that [automatically increased their contribution](http://image.aulrs.oneamericaemailservices.com/lib/fef71c7475600c/m/1/R-25761+ParticipantSurveyInfoGraphic_FINAL_031814.pdf).

Automatic increases can help Barrington-area employees build a retirement nest egg, and for plan participants who have a hard time saving, automatically contributing before the money gets put into the budget may be a reliable course of action for many.

Want to learn more about auto-escalation and other corporate retirement plan strategies? Plexus Financial Services, LLC can help. Contact us at 847-307-6222 or via [PlexusFs.com](http://plexusfs.com/).

ABOUT PLEXUS FINANCIAL SERVICES, LLC

[*Plexus Financial Services*](http://plexusfs.com/) *is located at 21805 West Field Parkway, Suite 300, Deer Park, IL 60010. Securities and advisory services offered through Plexus Financial Services, LLC. Member FINRA/SIPC, a Registered Investment Adviser.*

*Plexus Financial Services is a CEFEX-certified organization. CEFEX, the Centre for Fiduciary Excellence, has certified Plexus Financial Services to the Fiduciary 360 (fi360) standard, “Prudent Practices for Investment Advisors.”*

 

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