Banks stand to benefit from President Obama's proposal that workers be automatically enrolled in individual retirement accounts.

With retirement savings dwindling, the president proposed as part of his 2011 budget an automatic payroll deduction of up to 3% of an employee's salary to be invested in a Roth individual retirement account, unless the employee chooses to opt out or to invest in a traditional IRA. This plan would be for employees who do not have other types of pensions or retirement savings plans, about 80 million workers in all.

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