Thirty-nine million Americans work for an employer without a payroll-deduction retirement savings plan, and many of them are saving little or nothing. With individual retirement accounts – something called the “Automatic I.R.A.” – there can be a program to make things as easy and inexpensive as possible for both employers and workers.

By using behavioral economics, a fix is possible: while giving workers the ability to opt out from these programs, automatically enroll them in a plan and increase contributions over time, and offer a sensible low-cost default investment fund. All of that makes saving easy and increases workers’ savings rates substantially.

Not perfect but something to consider further… see article below.