Browsing Tag
401(k)
3594 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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
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
IRS Proposes New LTPTE Regulations for 401(k)s
Long-awaited guidance for long-term part-time employees triggers 60-day comment period
401(k) Champion Award Recognizes Outstanding Plan Participants
Application deadline is November 16 with $1,000 awaiting a trio of winning nominees
Women Less Confident About Retirement Prospects
Northwestern Mutual’s 2023 Planning & Progress Study finds women are much less confident they'll be financially prepared for retirement compared to men
Gen Z Facing Obstacles to Retirement: Schwab Study
Study finds Gen Z wants to retire by 61, but reports the greatest financial stress, savings obstacles
GE to Pay Record-Setting $61 Million to Resolve 401(k) Proprietary Funds ERISA Lawsuit
Settlement called largest ever in an ERISA case alleging a retirement plan improperly offered proprietary funds