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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
A Critical Time to Protect the Vulnerable
The COVID-19 crisis has taught many painful lessons—but perhaps none more important than the need to protect those…
How Identity Fraud Targets 401(k) Participants
Identity fraud is increasingly targeting 401(k) participants, with employees in workplace retirement plans squarely in criminals’ sights. Recent…
More Stimulus Spending Stymied by Jobs Report, Market Rebound
Proponents of additional stimulus spending are petering out after Friday’s surprisingly positive employment report. Total nonfarm employment numbers…
Once and For All: IRC and ERISA Say Cannabis 401(k) Plans Can Exist
I write to clarify and educate about the legal authority regarding how and why cannabis 401(k) plans are…
What the Pandemic is Revealing About Target Date Funds
The differences among target date funds (TDFs) can be hard for some plan sponsors and participants to immediately…
Bankrate: 31 Million Americans will Raid Retirement Funds During Pandemic
Thirty-one million, or more than a quarter (27%) of working or recently unemployed adults with retirement savings, have…
Senate Passes Important Improvements to PPP Loan Program
The Senate passed a second try at the Paycheck Protection Program (PPP) to address concerns and unintended consequences…
EBSA Names Acting Assistant Secretary in Wake of Rutledge Departure
The Employee Benefits Security Administration has named Jeanne Klinefelter Wilson as Acting Assistant Secretary, replacing Preston Rutledge, who…
4 Reasons for Higher Retirement Savings Rates
Similar salaries don’t necessarily mean similar savings rates, a maddening quirk of human behavior EBRI and J.P Morgan…
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.