The strength of the DIY market belies predictions that as the baby boomers inched toward a retirement funded largely by their 401(k)-plan savings, most of them would seek a one-on-one relationship with a financial adviser to manage their nest eggs.
For starters, the majority of defined-contribution plans haven't added the Roth 401(k) in-plan conversion option since it was created by a federal law nearly two years ago.
All teachers hired after 1991 were placed on a 401(k)-style plan.
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All current employees will no longer accrue defined pension benefits as of that date and will be forced into a 401(k)-type plan, as will new hires.
Having tried and failed to get anywhere with incremental changes in recent years, Rhode Island will soon have a hybrid pension structure that puts the bulk of contributions into a 401(k)-type plan that public workers can take with them to other jobs.
Many of us get busy and forget to check-in on our 401(k) plan on a semi-regular basis.
For pilots, it sponsors a defined-benefit pension plan, a defined-contribution plan and gives access to a 401(k) that doesn't include any company match.
Have automatic payroll deductions (or deductions from your checking account) of at least 10% of your income made into a 401(k), 403(b), Roth, or traditional IRA, or self- employed retirement plan (SEP-IRA, SIMPLE IRA, solo 401(k)).
Unlike a regular 401(k) plan, a solo 401(k) plan can be implemented only by self-employed individuals or small business owners who have no other full-time employees (an exception applies if your full-time employee is your spouse).
The Center for Retirement Research studied the costs that afflict a typical self-directed 401(k) plan.
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At Fidelity, only 260 employer plans out of 4, 000 plans that have a Roth 401(k) option are allowing in-plan conversions this calendar year.
Reasons you might want to keep your retirement nest egg in your 401(k) by doing an in-plan conversion include access to lower-fee institutional class funds, and for better creditor protection.
They may not look inspiring, but deep in the recesses of their brains they have these little ideas--a fast-food restaurant concept no one has ever anticipated, an assembly-line innovation that can lower production costs by 50%, a retirement-plan wrinkle to save everyone's 401(k)--and, someday, assuming they can find their toothbrushes amid the stash of moisturizing-cream bottles in their travel bags, they are going to realize their dreams.
If a plan sponsor is having their plan re-priced, those inactive 401(k)s could spell higher fees for the plan sponsor and those with a 401(k) at that firm.
Remember: If your investment is held within an individual retirement account, Roth IRA, 401(k) or other tax-sheltered retirement plan, it isn't subject to cost-basis reporting.
The technique is known as dollar-cost averaging, and it's essentially what you do when you invest a set part of your paycheck every pay period via a 401(k) or other employer-sponsored retirement plan.
Cathy is a technology teacher and student learning plan advisor at Edmonds Heights K-12 school in Edmonds, Washington.
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The Wall Street Journal reviewed comparative data and came up with the best characteristics of a well-run, affordable 401(k) plan.
Counsel them not to "cash-in" their 401(k) plan when departing.
With the first generation of 401(k)-investors set to retire, is this plan living up to the hype?
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The key difference, however, is that you can add a 401(k) allowing employee contributions to a profit-sharing plan, but not to a SEP.
Looking at the total plan expenses, including administrative and record-keeping fees, the 401(k) Averages Book found that the average total expense for a small plan in 2012 was 1.46%, with a range between a low of 0.38% and a high of 1.97%.
If your 401(k) plan administrator will cut you a separate check containing just your aftertax 401(k) contributions--and not include any of your pretax 401(k) contributions or investment earnings--you can roll that money into a Roth ira without recognizing a penny of taxable income, says Rockville Centre, N.
Using a defined-contribution plan, such as 401(k), is one way to achieve smooth benefit accrual.
One of the smartest moves they can make (including the self-employed) is to start a 401(k) plan before December 31st.
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After two brutal bear markets (2001-2002 and 2008-2009) retirement plan investors in 401(k) plans saw much of their lifetime retirement savings get walloped.
All told, less than half of U.S. workers are now offered any pension plan at all--traditional or 401(k)-style.
There are many features of the solo 401(k) plan that make it so appealing and popular among self-employed business owners.
Although not as incomprehensible as the actions of Hostess, IBM did something with its 401(k) plan that caught the eye of employees in a not-so-morale-boosting way.
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