401(k) Plans

Articles and resources related to 401(k) Plans.

401(k) Plan Savings – Is Your Aging Workforce Saving Enough for Retirement?

Bryan Webster
Bryan Webster
Director of Institutional Client Services
Published June 5, 2017

What will the average age of your workforce be in ten years? This is a question that many forward-thinking business owners and executives are asking themselves. The reality is that many so-called “older” employees, or employees beyond what is considered average retirement age, will be forced to stay in the workplace longer due to a lack of sufficient retirement savings.A recently published U.S. Government Accountability Office (GAO) analysis of a 2013 Survey of Consumer Finances found that ... [Continue Reading]

401(k) Plan Fees – Are You Getting A Fair Shake?

Bryan Webster
Bryan Webster
Director of Institutional Client Services
Published March 1, 2017

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.1According to the 401(k) Averages Book, the ... [Continue Reading]

An Update from the Tax Team: Insights on After-Tax Contributions into a 401(k) Plan

Kevin Koski
Kevin Koski
Director of Tax Services
Published April 12, 2016

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]

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