There’s no set structure, and companies aren’t required to match employee 401(k) contributions; for those that do, formulas vary.
Not everyone has a 401(k) at work, but that is irrelevant. Retirement safeguards are in place for workers, and besides, anyone can open an IRA either at a bank or online.
The Employee Retirement Income Security Act of 1974 has evolved over the past four decades.Read More
Re-enrollment in a 401(k) is a popular employer approach that puts workers on the right investment track and offers protections for plan sponsors.
What is the trend among large corporations to offer retiring leaders some guidance or preparation for both the financial and emotional impact of retirement? Why do they do it and what types of services do they offer?
— Fact-finding Mission, president, consulting/legal, Los Gatos, California
Auto-enrollment in defined contribution plans has helped employees skittish on making choices save for retirement.Read More
Research shows that not every U.S. worker is saving for retirement, but experts disagree on who’s to blame.Read More
Successful plans are ones that help workers save enough, as opposed to 2011’s top response citing high participation rates, the survey shows.Read More
Now that 401(k) plans have grown to become the No. 1 way U.S. workers save for retirement, it’s no secret many plan sponsors turn to experts to run the entire plan — or certain parts.Read More
While the same percentage of men and women participate in company 401(k) plans, men saved an average of $100,000 compared with $59,300 for women.Read More