Tag: 401(k) plans
For more than one year, 401(k) investors have been moving to safer investments, according to the Alight Solutions 401(k) Index.
401(k) consultants and advisers offer insight on the sentiments they are seeing from plan sponsors and make suggestions.
In honor of National Employee Benefits Day, Jason Grantz, with Unified Trust, discusses the progress made in the 401(k) industry and the future focus.
However, it was a slow trading month, according to the Alight Solutions 401(k) Index.
The majority of retirement plan participants surveyed said they have knowledge about their retirement plan and fees, but while the majority also said they know they need to save at least 10% of their salary, many are not doing so.
Eighty percent of Americans polled by the NIRS think the government should make it easier for employers to offer pensions, and more than half think the government needs to increase Social Security contributions from both employers and workers.
While total plan costs have declined for most plan sizes, the latest 401k Averages Book continues to show smaller plans pay higher fees than large plans.
A new EBRI research report compares the outcomes of participants in automatic enrollment 401(k) plans versus defined benefit (DB) plans; when reducing the rate of return assumptions and utilizing current annuity purchase prices, results show that in many cases the automatic enrollment 401(k) plans lose their comparative advantage to the stylized, final-average DB plans.
Questions about tax rules, 401(k) basics and financial terminology account for about 63% of the questions Dream Forward’s AI chatbox receives.
Long-term 401(k) participation, savings and investing trends have also been positive, due in no small part to automatic plan features, according to a report from Fidelity Investments.
Based on the ERISApedia.com Market-Based Portfolio Model, the optimal number of investment categories is between 12 and 20.
After a complex set of motions and rulings, the parties have now opted to settle the ERISA self-dealing lawsuit rather than proceed to the full trial.
The Plan Sponsor Council of America’s 61st Annual Survey of Profit Sharing and 401(k) Plans finds the most used benchmarks for retirement plan success remain participation and deferral rates.
The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral rate with automatic enrollment that is higher than 3%, a Plan Sponsor Council of America survey found.
If the proposed rules are finalized, there would be no more suspension of deferrals after a hardship withdrawal or requirement to take a loan before one.
An analysis of participants who remained active in the same 401(k) plans from year-end 2010 through year-end 2016 shows their accounts balances more than doubled in that period.