The 11 Most Significant 401k Plan Misconceptions
You will be surprised at many of these.
Seven Signs Of A Successful 401k
Do you have a successful 401k plan? A small number of factors can help you determine the answer. For more than 30 years I have helped plan sponsors design and manage successful 401k plans. From Apple and IBM to John Deere and Mazda Motor Corporation, I have had the...
401k Best Practices: Plan Design
Having worked as a 401k plan consultant and investment adviser for more than 30 years, I have seen a wide variety of plan designs. For example, Apple, Trek Bikes, and IBM all have unique corporate cultures that are reflected in the 401k plan design of their plans....
Top 401k Trends For 2018
The economy shows plenty of bright spots as we begin 2018. GDP is stronger than it has been during the majority of the recovery, equity markets worldwide have been robust, and unemployment in the U.S. has been falling. Lower unemployment has resulted in worker...
Limiting Pre-Tax 401k Contributions May Be A Good Idea
President Trump had promised no change to your 401k and Republican lawmakers in the House appear to have agreed. The tax reform proposal they shared leaves 401k plans alone — at least for the moment. Lawmakers had considered a cap of $2,400 on pre-tax 401k...
Congress: Consider These Nine 401k Improvements To Help Working Americans
We have a retirement savings crisis in this country with the majority of American workers not saving nearly enough to retire. As Congress considers changing our private retirement system, lawmakers should evaluate the 401k improvements outlined below. I have ranked...
10 Key Features Of A Retirement-Ready 401k
As a 401k plan sponsor, you have no doubt embraced the concept of retirement readiness. Employee retirement readiness can best be defined as financially prepared employees able to retire without lowering their standard of living. Employers have the responsibility to...
Seven Reasons To Re-enroll Your 401k Participants
Many 401k plan sponsors have opted to periodically re-enroll all their participants into the Qualified Default Investment Alternative (QDIA) in their 401k plans. You may wish to re-enroll your participants since doing so benefits plan sponsors as well as participants....
Begin Working On 2018 401k Plan Changes Now
If you intend to review your 401k plan fees and/or providers this year, now is the time to get started. Most plan sponsors who decide to make 401k plan changes like to have those new features in place by January 1 of the new plan year. Following are a few things to...