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401(k) Deferrals
33 posts
A 401(k) deferral is the portion of an employee’s salary that they choose to contribute to their 401(k) retirement plan through pre-tax or Roth (after-tax) payroll deductions. These deferrals reduce taxable income if made pre-tax and grow tax-advantaged until withdrawal. Employees elect the amount, usually as a percentage of pay, and employers may offer matching contributions based on the deferral amount.
A Good Move: Moving Company Transfers Nearly $2 Million to Employees’ 401ks
In a year filled with more than its fair share of bad news, here’s some good news about…
If Biden Wins, Would ‘Drastic’ 401(k) Change be Attempted?
Much has been made in the past week of a potential drastic change to 401(k) plans should Joe…
Biden to Swap 401(k) Tax Breaks for Credits
Breaking news in a number of financial and political publications about the possibility that Joe Biden would—if elected—end…
Retirement ‘Super Savers’ Remain Confident, Keep Investing Despite COVID-19
Despite a global pandemic and recent market volatility, “super savers” are continuing to save big for their retirement,…
COVID-19 Having Bigger Impact on Smaller 401(k)s
According to new data from Ascensus, small business 401(k) plans with 25 or fewer participants appear to have…
Bankrate: 31 Million Americans will Raid Retirement Funds During Pandemic
Thirty-one million, or more than a quarter (27%) of working or recently unemployed adults with retirement savings, have…
How Financial Wellness Engagement Can Lead to a 43% Higher 401k Deferral Rate
Hey, financial wellness really works if you do it right! In its recently released 2019 Financial Wellness Year…
Average 401(k) Savings Rate Hits New High
American workers are saving a higher percentage of their compensation than ever in their 401(k)s (or “409ks” as…
Envisioning ‘Ideal Retirement’ Helps Participants Save More
As we approach National Retirement Security Week, Oct. 20-26, Lincoln Financial Group has released new research that shows…
Average 401(k) Pretax Deferral Rate Hits All-Time High: T. Rowe Price
In what falls into the category of good news for retirement savings, the average pretax deferral rate in…