Browsing Tag
401(k)
3589 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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
2023 401(k) Champions Announced
Three plan participants received $1,000 and the title of 401(k) Champion
New ‘401Kids’ Bill Seeks to Create Savings Accounts for Every American Child
Senators Casey, Wyden and Schumer add clout to bill aiming to build wealth for the next generation
3M to Freeze U.S. Pension Plan in 2028 in Favor of 401(k)s
Move from a pension plan to a 401(k) structure has been underway since company closed its pension plan to new hires in 2009
Disney-Style Retirement Living Coming to North Carolina in 2027
Second “Storyliving by Disney” retirement community in early stages of planning
Many Want to Work with a Financial Professional—But Aren’t
Americans worry advisors will try to sell them products or judge them
401(k) Contributions Steady, Account Balances Up 11% in 2023: Empower
Despite challenging economy, recordkeeper’s third annual study of participant behaviors shows they are making positive financial decisions
Financial Instability Hurting Retirement Preparedness
Less than half of workers believe they'll be ready for retirement, according to a new Betterment at Work study
State Auto-IRAs Driving Small Employer 401(k) Adoption
Comparing firms in Colorado and Oregon to neighboring states, Gusto study finds significant increases in 401(k) plan formation among small businesses
Employers Overestimate Employee Retirement Confidence
A large number of employers believe their employees are prepared for retirement, but only 63% of plan participants feel the same.
Next 12 Months Could be Tipping Point for In-Plan Annuities
New LIMRA study explores challenges and opportunities for adding in-plan guaranteed lifetime income solutions in retirement plans