A Nest Egg That's a No-Brainer

摘要

WHEN HIS OIL refinery in Big Spring,Tex.,changed hands in 2000,Alton Fields,a 58-year-old engineer,cashed out his 401(k)and invested the money himself.The new owner,ALON USA,offered its own 401(k),but Fields never bothered to sign up."At my age,I thought I was smart enough to put my money in the right place," he says.But this year ALON changed its plan for its 260 workers.It now automatically enrolls them,signing them up to contribute 3% of pay unless they take the trouble to opt out.ALON also hired Principal Financial Group Inc.to provide one-on-one investment advice to employees.