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.
Familiar Name Tops J.D. Power Retirement Plan Digital Satisfaction Rankings
Redesigned 2021 study finds many 401k plan miss mark on delivering guidance to participants through digital channels
Schwab Keeps it Simple with New Finance Tool for Participants
Advisors know using too much industry jargon is a sure way to trip up many retirement plan participants…
Dems Reintroduce Bill to Protect Women’s Retirement Security
The average woman loses over $400,000 over a 40-year career due to the wage gap between the sexes,…
Why a More Holistic View of Retirement is Emerging
Retirement today feels “less cookie-cutter” than it used to be, according to a new Franklin Templeton survey. Most…
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…