26% of surveyed CFOs use automatic enrollment for DC plans

About one in four CFOs surveyed said their firms automatically enroll employees in their defined contribution plans. The survey of 315 CFOs by Financial Executives International and Baruch College's Zicklin School of Business showed 26% of the 236 respondents with DC plans using an auto enrollment feature, up from 21% last year. Also, 47% offer lifestyle funds, up seven percentage points from 2004; and 35% offer personalized advice, up five percentage points from last year, said Chris Allen, FEI spokesman.