Browsing Tag
401(k)
3593 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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
SECURE 2.0 Vote Will Take Place Tuesday: Majority Leader Hoyer
'It will expand automatic enrollment, simplify rules for small businesses, and help those near retirement save more for longer'
Connecticut Launches State-Run Retirement Savings Program
Vestwell named third-party administrator for “MyCTSavings” plan, which is mandatory for employers not currently offering a plan and voluntary for employees
Former Fidelity Chairman, CEO Edward Johnson Dies at Age 91
He was CEO for 37 years before handing the reins to his daughter in 2014
Major Industry Players Partner on New ESG 401(k) Group Plan
Open to both existing and start-up 401k plans, it provides guided onboarding and enrollment support
Retirement Confusion, Concern Spans Generations
While 71% of Americans cite “living comfortably in retirement” as a top life goal along with good health and financial wellness, only 49% have confidence that their savings will be enough
Florida Requires Financial Literacy to Graduate High School
On Tuesday, Florida Governor Ron DeSantis signed the Dorothy L. Hukill Financial Literacy Act, joining20 other states in…
Broker Targeted Federal Retirees with Fraudulent Annuity Rollovers
$1.7 million in commissions were earned on the sales
Executives Say it’s Socially Responsible to Help Employees Save
For-profit companies are slightly more likely to make contributions to their employee retirement plans than nonprofit organizations.
401(k) Market Minute: Mandatory Climate Change Reporting, Trends in Retirement Plans, and Hooray for New Jersey (Wait, What?)
The big news to start the week is the Securities and Exchange Commission’s ambitious proposal to require public…
New Jersey Auto-IRA Program Kicks Off March 28
Garden State will be the eighth to mandate employers offer their own retirement plan or auto-enroll employees in the state program