The 11 Most Significant 401k Plan Misconceptions
You will be surprised at many of these.
Answers To Your Top 10 401k Plan Questions
You will be surprised by the answers to your most frequently asked questions.
401k Best Practices: Employee Education
Many experts don’t believe that 401k employee education works. The challenges of educating adults, who may not be excited to learn more about their 401k plan, are sometimes difficult to overcome. What can plan sponsors do to make their 401k employee education...
Using Behavioral Economics To Help 401k Participants
We are often our own worst enemies. This certainly applies to how we manage our 401k plan accounts. Listed below are obstacles that 401k plan participants need to overcome to propel themselves successfully down the road to retirement readiness. Some of the obstacles...
Key Ways To Help Your 401k Participants Become Better Investors
Your 401k plan participants have developed bad habits and make many 401k investing mistakes. Dalbar calculates that for 2016 the average equity investor earned a little more than 7% while the S&P returned nearly 12%. Many of those investors are 401k plan...
Educate Your Employees On Using HSAs In Retirement Planning
With health care open enrollment season quickly approaching, 401k plan sponsors may want to spend some time educating participants on the use of Health Savings Accounts (HSAs). If you offer a High-Deductible Health Plan (HDHP) to your employees, they probably have the...
401k Loans: The Worst Possible Investment
Taking a 401k loan is such a bad investment choice that it should not be allowed in any 401k plan other than for hardship reasons.
Are 401k Plan Loans Double Taxed?
Are 401k plan loans double taxed? As outlined in the example below, it appears that the principal amounts of 401k loans that are distributed at retirement are taxed at a rate that is more than double that of a participant’s incremental tax rate. Example Loan...
The 10 Biggest 401k Plan Misperceptions
Having worked as a 401k plan consultant for more than 30 years with some of the most prestigious companies in the world (e.g.; Apple, AT&T, IBM, John Deere, Northern Trust, Northwestern Mutual), I am always surprised by the simple but significant 401k...