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.
Growing Number of Workers Report Rising Financial Confidence in 2024
Workers however continue to feel the effects of financial stress, finds Charles Schwab report
Extreme Weather May Dampen Retirement, Say Americans
Respondents to an Allianz Life report say they're increasingly worried over the impacts natural disasters could have on retirement savings
401(k) Participants Demand Retirement Income Support, Financial Wellness
Almost all respondents in a new J.P. Morgan Asset Management survey express interest in retirement income tools
Worker Retirement Confidence Improves: Schwab 401(k) Study
They still think $1.8 million saved is needed for retirement, but inflation and market volatility concerns soften
What’s Behind a Remarkable 25-Year Milestone for Invesco’s Kevin Holt
Join Kevin Holt as we discuss large cap mutual funds, value stocks and 401(k) diversity on this episode of 401(k) Specialist Podcast!
Even in Retirement, Consumers Worry About Debt, Mortgage
Close to a third of retirees are less secured about their retirement compared to past generations, finds Nationwide
Financial Advice Ticks Up as Investors Track Interest Rates, Upcoming Election
A Betterment report finds that more are pursuing financial guidance as they prepare for the year ahead
Wealthy Americans Fall Short of Retirement Goals
While high earners say they'll need $3 million to retire, that number rises to $5.5 million if they want to pass down wealth, finds First Citizens Wealth
Millennials, Gen Z More Hopeful About Retirement Than Gen X, Boomers
New study finds retirement outlook varies dramatically by generation
Retirees Considering Temp Work to Keep Up with Cost of Living
Temporary employment can provide extra income, flexibility