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.
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,…
Client Satisfaction: Who Plan Sponsors Rate as Top 401k Plan Providers
Seven in 10 plan sponsors (70%) report they are “highly satisfied” with their 401k plan providers according to…
Most 401(k) Participants Would Leave Assets in Plan
RIP rollovers? A recent survey from T. Rowe Price found that the overwhelming majority of 401(k) participants expressed…
Top 401k Plan Providers for 2020
“There has never been a more challenging time to invest for retirement.” It’s quite the lead from the…
IRS Temporarily Waives Rule for Retirement Plan Changes
The IRS is temporarily allowing retirement plan participants to forgo in-person witnessing of election changes as long as…
10 Big 401(k) Plans Suspending Matching Contributions in 2020
Companies during 2020 known to have suspended their 401(k) matching contributions due to the COVID-19 pandemic.
Latest State to Pass Employer-Sponsored Retirement Plan
The Land of Enchantment, New Mexico, is the latest state to pass legislation to make it easier for…