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
Advocates say the best place to address these issues is at the state level, and California is the closest to implementing a state-run plan.
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
For companies with tight budgets, a year-end 401(k) contribution might be the right strategy to save money as well as keeping and rewarding talent.Read More
With health care and retirement taking priority in company benefit budgets, group life and disability plans are slowly shrinking from employer offerings.Read More
Workers are stashing away cash. It just may not be enough to feather the nest egg for long once they retire.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