If 401(k) participation rates are up, then 401(k) contributions are also up, correct?

Data from Bank of America Merrill Lynch that the increase auto-enrollments into 401(k) plans has led to higher 401(k) participation, 85% of these auto enrollment plans also utilize an automatic increase in 401(k) contributions, usually set to coincide with employee salary increases.
According to Bank of America Merrill Lynch data, auto enrollments were up 22% in 2015, contributions from auto enrollment employees were up 21% and employees taking advantage of automatic increases in contributions rose 23% in 2015.
For more information on ways to increase 401(k) participation rates, see our new article tomorrow.