Information for Plan Participants
How to Take Advantage of 401k Catch-Up Contributions -- When you turn 50, you become eligible to contribute more money to your 401k plan. The tax deduction you can claim on these catch-up contributions could save you over $1,000 on your annual tax bill. Here's how to take advantage of 401k catch-up contributions.
Should I Take a 401k Loan During the Coronavirus Pandemic? -- If you have a 401k, you may have considered tapping into it to get some relief from the current economic uncertainty. The CARES Act of March 2020 doubled the amount of money an employee could borrow from a 401k plan. Depending on your retirement funds' balance, a 401k loan could give you access to a large amount of money. But is it a good idea? Here's what you need to know.
Three Ways to Know If Your 401k Is Too Aggressive -- A 401k retirement plan is one of the most popular ways to save money for retirement and score some tax breaks for doing so. But often these plans don't provide a lot of guidance on how to manage them, and participants end up with wildly aggressive portfolios or a portfolio so conservative that it barely budges year after year. Here's how to see if your 401k is too aggressive and, if so, some steps you can take to fix it.
Laid Off? Your Employer Might Owe You Unvested 401k Money -- How much of your 401k retirement account balance is yours to keep? It turns out that's a tricky question if you've been laid off this year. With mass layoffs commonplace during the Covid-19 pandemic, employers asked the IRS for advice on how to deal with the partial termination rule relating to employer contributions to their employees' 401k workplace retirement accounts. It's an obscure issue, but it's a big deal for the employees that it affects. It could mean thousands of dollars more credited to an employee's 401k account.
A chart of the year 2015 through 2021 401k plan contribution limits.
A glossary retirement plan and investment terms available here.
This is a guide to retirement industry acronyms and abbreviations.
Here is a handy on-line 401k calculator.
Frequently Asked Questions
Here are some of the most commonly asked questions that come to our pension experts.
What is a 401k plan?
A Complete Beginner's Guide to 401k Plans
Does my employer have to provide a matching contribution?
How do I locate an old 401k that I think I contributed to at a former employer?
If I needed to get access to an old 401k, what are my options?
If a Company You Work for Goes Bankrupt, What Happens to Your 401k
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Managing Your 401k Plan Assets
We are not in the investment advice business, but these articles may give you some important insights. You should always consult with your financial advisor for more detailed information and advice.
A Look at 401k Plan Fees
Asset Allocation Made Simple
Behavioral Finance -- What's Behind Your Investing Decisions?
Company Stock In Your 401k -- Keep it Balanced
Indexing Prevails in "Stock Picker's" Market
The Magic of Compounding
Ten Steps to Making a Financial Plan to Create a Secure Retirement
Making the Transition: A Pre-Retirement Checklist
The Value of Asset Allocation
Nurture Your 401k Portfolio Using Asset Allocation
Why Is Knowing the Investment Style of a Stock Mutual Fund Important?
Understanding Investment Risk
Some Useful Information
We have gathered a few articles and other information on important 401k issues that are often asked about.
Do Surviving Spouses Have a Right to a 401k or an IRA? - Summary: When choosing a beneficiary for a retirement plan, it is important to understand how your spouse will be treated under the plan. Surviving spouses are treated differently under 401ks and individual retirement accounts (IRAs). While a 401k provides protections for a surviving spouse, an IRA does not.
Top 10 Reasons to Join Your 401k Plan - Summary: Compared to other savings plans available to private sector workers, the 401k plan has many good points. Here are our top 10 reasons why you should join your plan.
Loans and Hardship Withdrawals
Articles on the various rules, regulations. practical issues and guidelines related to 401k loans and hardship withdrawals.
401k Retirement Plan Loans: An Overview
401k Hardship Withdrawals: An Overview
Hardship Withdrawals Give Access to 401k Savings, but at a Cost
Emergency Access to Your 401k: Hardship Withdrawals
Do's and Don't's of Hardship Distributions
Eight Reasons to Never Borrow From Your 401k
Don't Tap Your 401k to Pay Off Debt
Other Good Information on and About 401k's
How does a 401k plan work? When does my employer have to deposit my payroll contributions? How can I take an early withdrawals without penalty? Are there warning signs I should look for? What are my pension rights? We have gathered articles on these and other important issues so you can quickly find in depth information and analysis. And we regularly update and add to this content.
Click Here to review all the articles we have on a wide variety of topics.