Did you know that almost 40% of 401(k) participants believe they don’t pay fees; about 20% didn’t even know there were fees associated with their 401(k); and, about 15% don’t understand how fees are calculated. Yet, nearly every 401(k) provider charges fees. So, how do you determine what fees you are paying, and how much those fees cost you in retirement?
Continue reading
Nondiscriminatory testing is often performed on behalf of plan sponsors by the record-keeper or a third-party administrator (TPA). However, it is vital that plan sponsors understand the basics of the testing. For example, what types of contributions are tested, how the test is conducted and what happens when a plan fails.
Continue reading
Most surveys that poll 401(k) participants have “no idea” if their investments are “good, bad, or ugly.” And, when you are planning for retirement, you want to know that the funds you are investing are generating wealth and not just sucking money out of your account due to hidden or overpriced fees.
Continue reading
Offering a 401(k) plan to employees is one of the most compelling benefits to attract and retain your employees. However, if your staff is not participating in the company-sponsored 401(k) plan, the perceived value is zilch!
Continue reading
When it comes to selecting between a Traditional 401(k) vs. a Roth 401(k), you may be wondering which is the better choice. Both are great retirement vehicles, but they do differ. Here are a few points to consider when selecting between a Traditional or Roth 401(k).
Continue reading
Why do so few businesses offer benefits to their employees? Let’s take a look at 5 lies about 401(k) plans that might be hurting your business.
Continue reading
What do you do with your 401(k) when you change jobs? Here are four options.
Continue reading