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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.
Wait! Average 401(k) Contribution Rates Are How Much?
Hittin’ the Big 4-0 is always a time for pause, contemplation and reflection and 401(k)s are no exception.…
Don’t Fret! Here’s How to Fix 401(k) Elective Deferral Failures
In order to encourage employers to use plan designs that include automatic contribution features (such as auto enrollment…
Picturing Life Post-Work Prompts 401(k) Participants to…
401(k) participants who are decades away from retirement most likely haven’t considered what life will be like post-work.…
Which 401(k) Features Positively Influence Plan Participants Most?
The best 401(k) advisors are well aware of the importance of plan design. Sure, it’s on employees to…
401k Savers Want This Number (Hint: It’s NOT Their Balance)
Why isn’t this standard procedure again? Most 401k participants aren’t sure how their savings will translate into monthly…
No Surprise: 401(k) Auto-Enrollment on the Rise
The number of 401(k) and similar defined contribution plans with an automatic enrollment feature nearly doubled over the…
How ‘Mega Roths’ Help 401k Plans
Do you have plan sponsor-clients who want to allow participants to contribute more Roth monies to a defined…
Great News (Finally) About 401(k) Plans
More companies than ever before are automatically enrolling workers in 401(k) and similar defined contribution plans. And, with…
Trump Trips Over 401(k) Contribution Chaos
It’s on, then off, and then on again. General confusion surrounding the marketing and messaging of the White…
What’s the Fate of the 401(k) Tax Status?
President Donald Trump’s tax reform effort, officially called the “2017 Tax Reform for Economic Growth and American Jobs”…