Cash balance plans have existed for years, but recent IRS rulings lends an air of confidence in them.
Recent federal guidance will make target-date fund annuity plans more amenable to plan sponsors.
A Fidelity Investments study shows more participants are borrowing larger amounts from their 401(k) plans.
Plan sponsors are getting a lot of conflicting information.
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.
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.