Browsing Tag
401(k) Participants
219 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.
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
More 401(k) Participant Power Through Pooled, Portable Data
Behavioral science is a big part, says The Wealth Pool’s Ed Lamark
Who ‘Owns’ the 401k Participant Relationship? Who Cares?
RiXtrema CEO Yon Perullo has a smart answer to a timely question
Younger 401(k) Participants Favor Investment in Equities
Joint EBRI/ICI study finds younger investors much more comfortable holding a significant portion of savings in equities than older participants
How Engaged 401k Participants are Saving Significantly More
Taking full advantage of employer match among the ways engaged participants are socking away 56% more than unengaged participants, new research from Empower finds