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.
Younger 401(k) Participants Really Like TDFs, New Study Finds
Joint ICI and EBRI research shows recently hired 401k participants more likely to invest in target date funds
Deep Impact: Chris Roper’s Crusade to Help a Million 401(k) Participants Over His Career
Here’s a little Monday morning and Monday afternoon inspiration, Chris Roper has a lofty goal of helping one…
Retirement Savings Gaps Widen Along Racial, Ethnic Lines
T. Rowe Price’s new study points to employers having opportunity to positively impact racial, ethnic and overall retirement savings gaps through plan access and plan design
401k Participants’ Contribution Activity Steady, Strong
'Despite the economic hardships brought on by the lingering pandemic, the long-term mindset of retirement savers continues to serve them well'
Don’t Look Up (Or You Might See a Staggering Employee Death Rate)
OneAmerica CEO says COVID-19 driving group life insurance death claims to “unheard of” levels
How to Address Racial Disparities in Retirement Saving
'The poverty rate among Black and Hispanic Americans is 20% and 17%, compared to 8% among non-Hispanic whites'
Why Qualitative Participant Data Means so Much More: Wealth@wor(k) 2021
'While it’s altruistic to want to do a financial plan for every participant, it’s not sustainable'
Who ‘Owns’ the Participant and How are They Monetized? Wealth@work 2021
'I challenge you to do this with your own book of business'
Organic Growth: Empower Adds 925,000 Participants, $100B AUM in Past Year
Company attributes organic retirement plan sales growth to customer service and increased focus on personalization for individuals
Top 4 Retirement Planning Areas Where Participants Want Help
'We experienced tremendous stress in our work and home lives this past year that highlighted the importance of financial wellness'