Browsing Tag
401(k)
3588 posts
A 401(k) is an employer-sponsored retirement savings plan that allows employees to contribute a portion of their pre-tax or after-tax income towards retirement. These contributions are then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
HSAs Increasingly Positioned as Retirement Savings Tools
Plan sponsors are increasingly positioning health savings accounts (HSA) as retirement savings vehicles rather than healthcare spending tools,…
Public Retirement Research Database Reaches Critical Mass
PRRL says more than 100 public plan sponsors are sharing data in response to its campaign to build comprehensive new public DC plan database.
5 Least and Most Expensive States for ‘Retiring Comfortably’
Yet another iteration of “best and worst states to retire” is out, and this one focuses on ranking…
Why ‘Sudden Money’ and Preserving 401(k) Assets Don’t Mix
Researchers realize that long-term retirement planning is not a natural act for most 401(k) plan participants. Consequently, important…
DOL Announces Estimated Income Rule for Retirement Plan Participants
Workers receive an ongoing lifetime income estimation from Social Security, and now they will from employer-sponsored plans as…
Top 5 401(k) Firms For Participant Communication During COVID
In understandably anxious times for 401(k) participants, which companies are consistently communicating in a quality manner about COVID’s…
COVID’s Alarming Impact on Income: By the Numbers
Not that it’s necessarily a surprise, but concerning nonetheless. Approximately one-third (31%) of respondents have lost their entire…
401(k) Millionaire Ranks Rebound in Q2
COVID-19 be damned, the numbers of 401(k) millionaires are back up near record highs according to second-quarter data from Fidelity.
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…
Business Decisions With Unexpected Consequences for Retirement Plans
Despite fiscal and monetary stimulus measures, many U.S. companies are struggling with the extraordinary economic and business impact…