To maintain their tax deferred status and avoid penalties before the age of 59 1/2, workers in 401k and 403b plans must rollover their retirement account into a qualified personal retirement plans also known as individual retirement accounts or IRAs or keep the money in their current employer sponsored plan. Some employees allow for an encourage current workers to roll-in assets from other 401k or 403b plans or IRAs to consolidate all retirement accounts.
As an employer, one of your responsibilities is ensuring the financial well-being of your employees, both during their active working years and into retirement. In…
Retaining Retirement Plan Assets Requires Employers to Take a Holistic Approach Read More »
Fiduciary duty is coming to the forefront via actions and a decision by the Southern District Court of New York (the “Court”). The Court recently…
Fiduciary Duty is Again the Hot Topic for Plan Sponsors Read More »
401(k) fees are lower than IRA options in many cases! Research has uncovered that 401(k) fees can be lower than IRA fees by a wide…
Roth 401k Flexible, But Needs Education Roth 401k options provide flexibility in approximately 75% of retirement plans, according to T. Rowe Price. Although the Roth…
Tax Qualified IRA Contributions Reduce Taxes Tax qualified IRA contributions can perform an excellent job of reducing the overall tax burdens for Americans. Employers are…
IRA Contributions Reduce Taxes for Many by Steff Chalk IRA contributions reduce tax burdens for many working Americans. Employers can help workers to take more…
IRA Contributions Reduce Taxes for Many by Steff Chalk Read More »
SUPER Roth Contribution Beneficial for Millennials Super Roth Contributions are a concept where 401k participants can increase their retirement account balances with after-tax deferrals if…
SUPER Roth Contribution Beneficial for Millennials Read More »
Plan Sponsors have a Remedy for Small Balance Retirement Accounts Many plan sponsors struggle with small-balance accounts left by terminated participants. However, there is a…
Plan Sponsors Have a Remedy for Small Balance Retirement Accounts Read More »
A Real-World 401k Rollover Disaster Story. Forgive me if today’s post seems a bit self-serving, but I have a grievance to share related to my employer’s…
Missing 401k Participants – What Happens to Their Accounts? When some participants in 401k or 403b plans terminate their employment, they leave their money in…
Missing 401k Participants – What Happens to Their Accounts? Fred Talks Read More »
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