401(k) Plan Issues
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401(k) Plan Issues
Content about 401(k) plans for plan participants and plan sponsors.
Curated by Roger Wohlner
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Does Fiduciary Coverage for 401(k) Rollovers Lie Ahead?

A just-released report by the GAO on rollovers foreshadows one of the more controversial aspects of what the DOL’s revised fiduciary rule will look like, industry officials say.

Via Bond Beebe Accountants & Advisors
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Bond Beebe Accountants & Advisors's curator insight, April 9, 2013 9:05 AM

GAO is recommending that the DOL and IRS should reduce the waiting period for rollovers and improve the asset verfication process. 

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Advisers urge combining 401(k)s

Advisers urge combining 401(k)s | 401(k) Plan Issues | Scoop.it
It is not uncommon to wind up with multiple 401(k)s after switching jobs a few times during a career.
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The 6 Most Common 401k Mistakes | Business.com Blog

The 6 Most Common 401k Mistakes | Business.com Blog | 401(k) Plan Issues | Scoop.it
To administer or participate in a 401k plan successfully, all you have to do is avoid these common pitfalls.
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Bond Beebe Accountants & Advisors's curator insight, April 9, 2013 9:10 AM

As this piece notes, it's essential to let your accountant know of any plan changes you make and to regularly review your plan to make sure it is compliant with the Internal Revenue Code.

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Waiting periods on 401(k) plans can be costly for workers

Waiting periods on 401(k) plans can be costly for workers | 401(k) Plan Issues | Scoop.it
Nearly half of US companies impose a waiting period before employees are permitted to join their 401(k) plans. Most often the wait is six months, although it can be twice as long.
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Changing jobs? Take your 401(k) and roll it

Changing jobs? Take your 401(k) and roll it | 401(k) Plan Issues | Scoop.it
If you have recently started a new job, it turns out you’re not alone. A Bureau of Labor Statistics report stated that in 2012 the ... (RT @401harmony: Changing jobs?
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Using Retirement Accounts to Pay off Debt – A Good Idea? | The Chicago Financial Planner

Using Retirement Accounts to Pay off Debt – A Good Idea? | The Chicago Financial Planner | 401(k) Plan Issues | Scoop.it
Over the years I’ve been asked if it is wise to tap retirement accounts such as an IRA or a401(k) to pay down debts. Generally my answer is no.
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401(k) savings get a boost from the boss

401(k) savings get a boost from the boss | 401(k) Plan Issues | Scoop.it
More companies are setting higher default contribution rates for their 401(k)s, along with 'auto-increase' programs.
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Don't forget about your traditional or Roth 401(k) - Don't Mess With Taxes

Don't forget about your traditional or Roth 401(k) - Don't Mess With Taxes | 401(k) Plan Issues | Scoop.it
In tough economic times, most of us focus on our day-to-day expenses. But if you can swing it, you also need to save money for your eventual retirement.
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‘Lost decade’ not over for 401(k)s, IRAs

‘Lost decade’ not over for 401(k)s, IRAs | 401(k) Plan Issues | Scoop.it
After inflation, retirement-plan assets are basically flat since Dow’s last high. (RT @MarketWatch: 'Lost decade' not over for 401(k)s, IRAs.
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Target Date Funds – A Look under the Hood | The Chicago Financial Planner

When you invest in a Target Date Fund, where is your money going? Here is a comparison of the TDF series offered by the “Big 3” Vanguard, Fidelity, and T. Rowe Price who control about 80% of the Target Date Fund assets.
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T. Rowe Price Target Date Funds – A Look Under The Hood | The Chicago Financial Planner

T. Rowe Price Target Date Funds – A Look Under The Hood | The Chicago Financial Planner | 401(k) Plan Issues | Scoop.it
T. Rowe employs mutual funds from its core line-up of funds. They use actively managed funds in contrast to Vanguard’s use of its passive index funds.
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Why Are You Running Your Company’s 401(k) Plan? | The Chicago Financial Planner

Why Are You Running Your Company’s 401(k) Plan? | The Chicago Financial Planner | 401(k) Plan Issues | Scoop.it
Why would small/mid-sized company owners and managers want to take on the responsibilities and risks of running their 401(k) without hiring professional help.
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Your 401(k): Good or Lousy?

Your 401(k): Good or Lousy? | 401(k) Plan Issues | Scoop.it
Though it gets a lot of bad press, the 401(k) plan can be an outstanding vehicle to accumulate a retirement nest egg. Studies have shown that the single biggest factor in retirement savings success is ...
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Can an ‘auto-increase’ save your 401(k)?

Can an ‘auto-increase’ save your 401(k)? | 401(k) Plan Issues | Scoop.it
Auto-enrollment has prompted more people to save for retirement, but many aren't saving enough.
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Stock Market Highs and Your 401(k) | The Chicago Financial Planner

Stock Market Highs and Your 401(k) | The Chicago Financial Planner | 401(k) Plan Issues | Scoop.it
The stock market is in record territory. What should you do with your 401(k) now. Here are some timeless suggestions.
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401(k) Loan – Is Borrowing from Your Retirement Smart? : Money Smart Life

401(k) Loan – Is Borrowing from Your Retirement Smart? : Money Smart Life | 401(k) Plan Issues | Scoop.it
You need some money. Should you be borrowing from your 401(k) retirement account? Here's what you need to know! (401(k) Loan – Is Borrowing from Your Retirement Smart?
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Senators protest IBM’s 401(k) makeover

Senators protest IBM’s 401(k) makeover | 401(k) Plan Issues | Scoop.it
Critics say the tech giant's changes to its employer match will unfairly penalize some employees.
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401(k) plans need work, but are far from ‘failed experiment’

401(k) plans need work, but are far from ‘failed experiment’ | 401(k) Plan Issues | Scoop.it
At least one expert at a panel at this week s ASPPA 401(k) Summit in Las Vegas said the plans work well for people who can afford to contribute large amounts and who don t withdraw the money, but acknowledged they do little for low- to...
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More Employees Embrace 401(k) Plans: BofA Merrill Report

More Employees Embrace 401(k) Plans: BofA Merrill Report | 401(k) Plan Issues | Scoop.it
Bank of America Merrill Lynch released a new 401(k) report that shows that more employees are taking positive actions to save towards retirement, and financial advisors can have a direct impact on continuing that trend going forward.
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Symptoms that Your Retirement Plan Might Be In Trouble

This article looks at several symptoms that can point to larger problems within your plan.


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Higher Balances and Contribution Rates of Investors Saving beyond Workplace Savings Plans | 401k News for Plan Sponsors and Administrators

Higher Balances and Contribution Rates of Investors Saving beyond Workplace Savings Plans | 401k News for Plan Sponsors and Administrators | 401(k) Plan Issues | Scoop.it
Fidelity Investments® today unveiled an analysis1 of nearly one million investors using both a workplace savings plan and an Individual Retirement
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More employees are raiding their retirement accounts - Fortune Management

More employees are raiding their retirement accounts - Fortune Management | 401(k) Plan Issues | Scoop.it
Dipping into their 401(k)s - if they have one - while they’re still working may mean some Baby Boomers will have to scrimp in retirement, says a new study.
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