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.
Caregivers Report Growing Stress as More Look for Benefits
Over half of respondents say caregiving has impacted their financial wellness, reports Securian Financial Group
DoorDash Unveils New Employee Benefits Program
The food delivery platform today announced a six-month benefit savings pilot program for eligible DoorDash workers
More Working Americans ‘Living Paycheck-to-Paycheck’
As a result, over a third of workers are spending hours worrying about their finances and even taking personal time off at work
Americans Experience Dips in Financial Security
Northwestern Mutual reports record-highs in the number of workers who feel financially insecure
Participants Look Forward to ‘Non-Traditional’ Retirements
Employees envision focusing on personal passions in a phased retirement, finds Fidelity's new 2024 State of Retirement Planning report
Younger 401(k) Participants Seek Personalization Features
Gen Z respondents were likelier to share personal information about their retirement savings and expected retirement age out of all other age groups, finds Cerulli
Should They Stay or Should They Go?
When it comes to 401(k) participants no longer working at a company, Innovest’s Kyli Soto and Troy Jensen take inspiration from The Clash classic in suggesting why plan sponsors might want to provide nudge toward moving those assets out of plan
Virtual 401(k) Education Hits Record Levels: Schwab
In wake of pandemic, participants further embrace integrating virtual education sessions into their schedules
Large 401(k) Plan Sponsors Step Up Efforts to Keep Participants In-Plan Post Retirement
New Cerulli research finds asset managers should concentrate their retirement income product distribution on the mega plan market
Women of Color Are More Confident in Their Financial Future
Research from Edelman finds 67% of women of color are forging a better financial path than the one they had growing up