401(k) auto enrollment not in Obama budget - Pensions & Investments: "A proposal that would require automatic enrollment of participants in existing 401(k) plans was not included in President Barack Obama’s fiscal 2010 budget, said Ed Ferrigno, vice president, Profit Sharing/401(k) Council of America.
As recently as May 7, Thomas E. Gavin, spokesman for the White House’s Office of Management and Budget, had insisted that the proposal would be included in the detailed analysis of the budget that OMB released today."
Monday, May 11, 2009
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