Even your boss knows you could do a better job of saving for retirement.
Employees have been asking their employers to help them stash more money in their 401(k) savings plans, seeking more automated savings features.
Companies are responding by boosting the amount employees can defer when they are automatically signed up for a 401(k), according to a report from T. Rowe Price. The asset manager studied 662 retirement plans with more than 1.6 million participants.
Twenty-nine percent of the employers were automatically enrolling workers into the retirement plan at a savings rate of 6 percent of salary as of the end of 2015, according to the report. That's up from about 17 percent of 401(k) plans in 2011.
See below for more detail on default contributions in 2015.