It is interesting to observe how perceptions vary from reality when it comes to 401(k) plan participant retirement account fees. In a survey conducted by Rebalance IRA, they found 46 percent of employed baby boomers believed that they do not pay any retirement account fees at all, 19 percent thought their fees were less than 0.5 percent and only 4 percent of those surveyed believed that they pay more than 2 percent in retirement account fees.1 According to the 401(k) Averages Book, the ... [Continue Reading]
Articles and resources related to 401(k) Plans.
While the 2016 defined contribution plan limits for 401(k) plans remain unchanged as compared to 2015, participants should now give extra consideration to making additional after-tax contributions (if allowed by the plan) due to recent changes in tax regulations. Under IRS Notice 2014-54, the IRS has agreed that a plan participant can now directly roll over pre-tax account balances into a Traditional IRA account, and after-tax account balances into a Roth IRA account. What this means is that ... [Continue Reading]