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.
401(k) Participants Buck Two-Decade Old Trend in May
Light 401(k) trading activity among 401(k) participants in May ended a two-decade trend. “401(k) investors bucked the adage…
Women of Color Most Financially Affected by Pandemic
The COVID-19 pandemic and the severe financial disruptions it has caused are defining moments in history for many…
Women in Pensions Network (WiPN) Rebrands to Reflect Evolving Industry
WiPN is now WIPN after rebranding itself from Women in Pensions Network to WE Inspire. Promote. Network. Founded…
John Hancock Expands ‘Personalized Retirement Advice’ Program to All 401k Plans
401k participants can use all the good advice they can get—and now those with plans through John Hancock…
Time to Ensure Compliance for Part-Time 401(k) Participants
Atlanta-based independent employee benefits consulting firm Strategic Benefits Advisors, Inc. (SBA) recently issued guidance urging 401(k) plan sponsors…
A Plea for More Effective 401(k) Participant Engagement Strategies
“My wife and I had dinner with friends, Richard and Charlene,” Ed Dressel said in a heartbreaking anecdote…
Principal: 99% of 401k Participants ‘Stay the Course’ in August
Most 401k participants and plan sponsors continue to “stay the course” while navigating the uncertainty surrounding the COVID-19…
Retirement Readiness at Risk for People of Color
Retirement Readiness POC faces risks as many feel prepared but lack investments and progress, highlighting the need for better planning.
Breaking Bad Behavior: Americans Leave Retirement Savings Alone
A bit of good behavioral news from Empower Retirement. The recordkeeping giant’s Empower Institute finds that “Americans are…
How to Avoid COVID 401k-Related Lawsuits
The COVID-19 pandemic has brought about a staggering number of changes for employers in the past few months,…