Answered

How does an employer's presentation of retirement savings options affect employees?

A. By automatically enrolling employees to tap into their default bias
B. By assigning employees to different saving courses in the retirement plan
C. By offering various saving courses in the retirement plan
D. By making the plan more complex to get employees more involved



Answer :

GinnyAnswer

Final answer:

Employers can boost retirement savings participation by automatically enrolling employees in default plans to counteract status quo bias.


Explanation:

Employers can influence employees' retirement savings decisions by automatically enrolling them in default plans, leveraging their status quo bias. This strategy helps increase the participation rates in retirement savings programs by streamlining the enrollment process and countering individuals' tendency to stick with the default option.


Learn more about Retirement savings participation here:

https://brainly.com/question/37789428


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