Millennials Aren’t Meeting Their Match (in 401(k)s)
Almost 40% of younger millennials aren’t meeting the threshold for a full company DC plan match.
Safe Harbor 401(k) Deadline Fast Approaching
The Safe Harbor enables small-business owners and any highly compensated employees to make the maximum contributions either tax-deferred or after tax regardless of income.
Senators’ SEAL Act Would Ease 401(k) Loan Paybacks
The bipartisan Shrinking Emergency Account Losses (SEAL) Act would give workers who leave their jobs until they file their federal taxes to repay 401(k) loans.
More Employers to Add Roth 401(k)s
A new survey from the human resources firm Aon Hewitt reveals a rise in the Roth 401(k)’s popularity.
Employers’ Confidence in Workers’ Retirement Readiness Suffers Dramatic Drop
Despite efforts to help workers improve their retirement security through features like automation, a report from Aon Hewitt released Wednesday found that just 4% of employers are very confident about their employees’ chance at a secure retirement, down from 30% in 2011.
Schwab Bets Big on 401(k)s Packed With ETFs
Jim McCool, Charles Schwab's executive vice president of institutional business, made waves at an asset-management conference in March when he announced that the brokerage firm soon would offer 401(k) retirement plans stuffed solely with exchange-traded funds.