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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
Trend Towards Diversity and Inclusion, Financial Wellness Grows
COVID’s economic fallout continues to impact people of color disproportionately. Pew Research finds that job and wage losses due…
2021’s 5 Best & Worst States to Retire
Personal finance website WalletHub recently released its report on 2021’s Best States to Retire, comparing all 50 states…
A Different Kind of GoP (Group of Plans)
While Pooled Employer Plans (PEPs) and Multiple Employer Plans (MEPs) got the lion’s share of attention last year…
Is COVID a Catalyst for More Retirement Saving?
The COVID-19 pandemic and its effects on the economy had Americans tightening their belts, and it may be…
Few 401(k) Plans Currently Offer Alternatives Within TDFs
401(k) ESG investments remain limited, with only 24% of plan sponsors adopting sustainable options in recent years.
New 401(k) Missing Participant Research Reinforces DOL Guidance
On Jan. 6, Retirement Clearinghouse (RCH) released a study that advances the art and science of locating missing…
Retirement Plan Advocate Senator Rob Portman to Retire
U.S. Senator Rob Portman, R-Ohio, announced on Monday that he will not seek another six-year term in the…
Episode 18—David Blanchett on the Benefit of Downturns and How Target Funds Should Really Be Used
We try to get Dr. David Blanchett, Morningstar’s Head of Retirement Research, to commit to settling an important debate once…
What Labor Nominee Walsh Means for the Fiduciary Rule’s Future
On January 7, 2021, President-elect Joe Biden named Boston Mayor Martin Walsh as his nominee for Secretary of…
Could the 401k Be a Social Security ‘Bridge’ to More Income?
When to begin receiving Social Security benefits is one of the most important (and stressful) decisions many retirees…