Browsing Tag
401(k) Participants
223 posts
A 401(k) participant is an employee who is enrolled in their employer’s 401(k) retirement savings plan. Participants can contribute a portion of their wages to the plan, often with pre-tax dollars, and may receive matching contributions from their employer. They have the ability to choose from various investment options, and their account grows tax-deferred until retirement. Participants have rights under ERISA, including access to plan information and protections against mismanagement. They may also take distributions or loans under certain conditions, such as retirement, hardship, or job change.
What Ranks as the Top Retirement Worry for Participants?
Is ignorance fueling participants’ retirement paranoia? Americans rank inflation as their main economic worry, yet wildly overestimate the…
401(k) Plan Sponsor Steals Proceeds for Country Club Creature Comforts
A 66-year old former owner of a lighting fixtures company will spend 3.5 years in prison for stealing…
4 Ways Employers Can Better Promote Retirement Security
Disturbing, but far from surprising; almost 70 percent of employers believe most of their employees could work to…
Are Younger 401(k) Participants Finally ‘Growing Up?’
Smart phones versus flip, Nirvana versus Taylor Swift. ICI and EBRI recently drew on 20 years of data…
Personalized 401(k) Advice from a Mobile App
Betterment for Business is taking the “make it easy” message from participants one step further with the release of a messaging feature on its mobile app.
5 Tips for Better Employee 401(k) Education Meetings
Through behavioral finance and psychology research, much has been learned about how to motivate employees to save at higher rates for retirement.
Why Americans Trust in Their 401(k) Plans
401(k) plans help millions save with tax advantages, payroll deduction, and investment choices for long-term retirement security.
How to Ensure Optimal Employee Engagement
The first thing plan sponsors can do is understand the retirement plan, says Cornerstone Capital Advisor's Mario Giganti.
How Do Workers Feel About 401(k)s?
Retirement savings are vital for future income, with many workers expecting 401(k)s and IRAs to be their main source after retirement.
Are 401(k) Loans Double-Taxed?
Interesting question. It appears that the principal amount of 401(k) loans distributed at retirement are taxed at a…