Tag: 401(k) plans

The EvoShare program also allows employees to receive up to 20% cash back on spending toward a 401(k) or 403(b) plan, and/or 529 plan.

On 89% of the trading days, 401(k) participants moved the majority of their money into fixed income, according to the Alight Solutions 401(k) Index

Investors tend to select funds at the top of an alphabetically organized list of funds.

Just over six out of 10, 61.6%, said they engage with their retirement plan, according to a survey by Vestwell.

Pentegra will provide recordkeeping and 3(16) fiduciary administrator services, and LeafHouse Financial will provide 3(38) discretionary investment fiduciary services for the plan.

They also believe that pensions do a better job than 401(k)s in terms of ensuring retirement security.

The 401k Averages Book also shows smaller plans continue to pay higher fees than large plans.

They also say that these accounts help them think about the long term and make it easier to save, an ICI survey found.

Dream Forward provides examples of questions and sources of confusion for participants after exploring data from its AI chatbox for participants

With participants not panicking in Q4 2018 and the longer term trends resulting from automatic plan features, Fidelity Investments finds an overall improvement in average participant savings and...

The Center for State & Local Government Excellence notes that with many local governments shifting benefits decisions to workers, those workers need help understanding finance basics.

Offering fewer than 12 categories may mean participants are not being given sufficient opportunity to diversify, and offering more than 20 could lead to lower average investment in...

The settlement agreement leaves open a chance to bring a new claim regarding the offering of a money market fund in the plan.

The plaintiffs accused Edward Jones of favoring its own investments and those of its “preferred partners” in its 401(k) plan, at the expense of performance; they also raised...

The Plan Sponsor Council of America’s 61st Annual Survey of Profit Sharing and 401(k) Plans finds only 31.4% of 401(k) plan sponsors use participant income replacement ratios as...

More plan sponsors are making Roth contributions available, automatic enrollment default deferral percentages are increasing, and company match formulas are becoming more generous.

And demand for financial advice has increased, T. Rowe Price found in a survey.

But 55% decided to take no action.

Under the proposed regulations, 401(k) plan sponsors could choose to make additional accounts available for hardship withdrawals.