The 401k Blog
A significant factor in helping your 401k plan participants achieve retirement readiness is protecting them from themselves. In other words, helping participants avoid making bad decisions. An important component of that process is minimizing the loss of participant account balances from loan defaults.
Also called leakage, defaulted loan balances are typically removed from participant retirement accounts forever. This account leakage can be reduced by a well-designed 401k loan program. A state-of-the-art 401k loan program has the following characteristics:read more
A long, long time ago, in a world unknown, there were two browsers that ruled internet surfing: Netscape and Internet Explorer; and search engines such as Alta Vista and Excite. They were the kings of Internet browsing.
Then more browsers came along: Safari, Firefox, and then Chrome. And with them more search engines. You might have heard of Google. And Bing. And Yahoo is still with us.
Google is by far the best search engine we have seen yet, but it would have been very easy to think, “Alta Vista and Excite and Yahoo are already out there, how am I going to compete with them?” And the same reasoning could be applied to building a new browser, but the architects of Firefox and Chrome didn’t let the fact that there were already successful browsers out there stop them.read more
I hope you had a wonderful weekend. Today is National Vanilla Pudding Day! There had to be a day to mindlessly eat vanilla pudding and today is the day! LRPC's Monday Morning Minute for this week, "How Couples Can Max Out Their Social Security Benefits" (presented...read more
By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC Plan sponsors, if you would like to frustrate, annoy and confuse your 401k plan participants, then white label your 401k plan investment funds. "White labeling" is the process of...read more
I hope you had a wonderful weekend! Today is "National Chocolate Chip Day!" LRPC's Monday Morning Minute for this week, "Investment Advice That Will Pass Time's Test" (presented below) comes to you courtesy of Bob Seawright, Chief Investment Officer, Madison...read more
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