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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
Voya Program Boosts Retirement Savings for Minority-Owned Businesses
Voya has launched a new initiative to assist businesses owned by minorities, women, veterans, and members of the…
The Dark Side of 401k Fiduciary
Fiduciary has become a marketing term/tool, and is no longer: There’s a common characteristic that links exemplary fiduciaries;…
Abbott Defendants Dismissed from 401(k) Cybertheft Lawsuit—For Now
I previously wrote about a lawsuit filed against Abbott Labs and recordkeeper Alight by a participant whose account…
How to Prospect, and Drive, 401k Business in a Virtual Setting
A timely topic was tackled recently at the EXCEL 401(K) Digital Series featuring an all-star panel of top…
Bloomberg’s Brainless Attack on 401(k) ‘Middlemen’
401(k) fees are once again in the spotlight, with Bloomberg Opinion publishing a piece that critiques their impact…
Be a Chef, Not a Cook, When Serving Up a Great 401(k) Plan
With the help of the Food Network and Hollywood movies, top chefs have become stars in their own…
4 Challenges and Solutions to Take 401(k) Firms to the Next Level: EXCEL Digital Series
Peter Drucker said, “Efficiency is doing better what is already being done.” So how can 401(k) advisors take…
Tips to Help Protect 401(k) Participants From Fraud in Turbulent Times
COVID-19 is stressful enough, with market volatility impacting retirement nest eggs, and economic uncertainty contributing to short-term financial…
401(k) Account Balances Almost Tripled During This Period
Eight years is all it took. The average 401(k) plan account balance of “consistent 401(k) participants”—those who remained…
How to Handle the Explosion of Small-Balance IRAs
Based on solid research, we’ve long known that typical automatic rollover IRAs result in high levels of cashout…