How to Get Participants to Really Think Twice About Early Withdrawals
Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.
Tag: IRAs
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Automated Force-Out IRA Processing Now Available from iJoin, PenChecks
The firms say it can help employers, who won’t need to respond to as many inquiries from former employees about...
Benefits |
Oklahoma Looks to Create State-Run IRA
The bills introduced in the state legislature would require companies with 10 or more employees that have been in business...
DOL Adopts New Prohibited Transaction Exemption
The regulator has finalized a potentially important new prohibited transaction exemption.
Do Income Limits Apply When Making Roth Contributions to a 403(b)?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
SECURE Act Compliance Q&A Published by IRS
The guidance document includes an extensive number of questions and answers about five key changes made by the SECURE Act.
Those Who Have Both a 401(k) and IRA Have Higher Savings
EBRI found individuals able to consistently contribute to both could end up with around 2.5 times more savings for retirement.
Roth IRAs Popular Among Younger Retirement Savers
Katie Taylor, with Fidelity Investments, shares the reasons for the appeal and why plan sponsors should tout Roth accounts they...
Participants Lack Knowledge About Retirement Plan Rollovers
Forty-two percent don’t even know it is possible to keep assets in a plan once one leaves an employer.
Fidelity Analysis Shows Advantage of Long-Term Investing for Retirement
In the decade following the Great Recession of 2008, for participants who remained invested in their 401(k)s, overall, average balances...
Years of Positive Retirement Savings Behaviors Lead to Record Balances
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is...
ICI: IRAs Continue to Serve American Savers Well
Both traditional and Roth IRAs serve Americans of all ages.
Plan Sponsors Stepping Up Their Auto Enrollment Game
The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past...
Half of Retirement Savers Think They Are Behind
Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the...
Brokerage Accounts, Dividends Critical Sources of Retirement Income
Together, they supply 40% of retirees’ income.
Procrastinating Retirement Savings Is Americans’ Biggest Financial Regret
That is followed by not saving for an emergency, and taking on too much credit card and too much student...
Americans Underutilizing Retirement Savings Accounts
Fifty-one percent are not actively contributing to a 401(k) plan, Edward Jones found in a survey.
Fidelity Finds Increase in Retirement Plan Millionaires
The number of 401(k) savers with at least $1 million in their 401(k) increased to 150,000 at the end of...
Americans Confident DC Plans Can Help Them Meet Their Goals
They like the tax advantages, investment opportunities and investor control that 401(k)s and other DC plans offer them, ICI finds.
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TD Ameritrade and FeeX Partner on DC Plan Fee Analyzer
Participants in 401(k), 403(b) or other defined contribution (DC) plans can compare administration and individual mutual fund fees to fees...