I wonder if one of the Fidelity mods can weigh on in this. I asked my employer if they could work with Fidelity to allow us to contribute dollar amounts instead of percentages to 401k. I got this response:
we aren’t able to do a flat dollar amount option since we recently implemented into our plan to have automatic enrollment/deferral for new hires going forward.
What gives? Those two things don't seem related. At worst, it could default to percentage and then the employee could choose to change to dollar amount instead. Furthermore, if the above is accurate and since the Secure Act now mandates employers auto-enroll employees, wouldn't this mean going forward that no one contributing t