Below are the 5 characteristics of a GREAT 401(k) plan, keeping in mind that the goal of all great 401(k) plans is to provide meaningful retirement income for the employees of the plan.
Employees are starting to act on a new law that allows you to redesignate money stashed in your traditional 401(k) into Roth money, keeping the money in your existing 401(k).
Our experience would confirm this. 401(k) record-keeping is exceedingly complex.
FORBES: 401(k)s: Far More Dangerous Than IRAs (March 2, 2001)
States would have to meet certain conditions, such as hiring "well-trained teachers" paid comparably to those in K-12, adopting rigorous curricula, keeping student-teacher ratios low and assessing youngsters.
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%.
In our March 2001 alert we identified four categories of risk related to 401(k)s: investment risk, record-keeping risk, employer-business risk and regulatory risk.
The U.K. communications regulator, Ofcom, has begun keeping close tabs on developments to evaluate whether News Corp. is a "fit and proper" owner for BSkyB.
Fidelity has long been a dominant player in the 401(k) retirement plan services marketplace, offering both administration and record-keeping of plans, as well as mutual fund money management to companies and their employee plan participants.
FORBES: Fidelity 401(k) Price-Fixing Scheme Cost Retirement Savers Plenty
Reporters and editors are keeping an eye not just on the inquiry in the U.K. and what it turns up, but also on how leaders within the newsroom are choosing to respond.
FORBES: Mark Thompson, the BBC Scandal and the Future of The New York Times
Jim Powell, a senior fellow at the Cato Institute, explains how William Gladstone in the U.K. and Warren Harding in the U.S. got it done: by keeping the functions of the state to a minimum.
FORBES: Two Of The All-Time Greatest Successes In Cutting Taxes And Spending
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