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.
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…
Why It’s So Important to Put Retirement Plan Returns in Perspective
New research confirms that, for the zillionth time, it’s important to take the long view and put recent…
401(k) Plan Sponsors Respond Positively in Current Crisis
A majority of U.S. companies are making it easier for employees to access their 401(k) plans’ assets even…
How Do DC Plan Participants Behave in Volatile Markets?
“To know your future, you must know your past.” A new research paper from J.P. Morgan’s Chief Retirement…
401(k) Plan Participants Lag in Access to Retirement Advice
401(k) advisors increasingly realize the value of offering comprehensive financial planning and advice to participants, and the opportunity…