Archive for October, 2009
Unemployed tap their 401(k)s (CNN Money)
By admin at 28 October, 2009, 12:04 pm
Nearly half of U.S.
Read More >>Tell us: How’s your 401(k) doing? (Florida Today)
By admin at 28 October, 2009, 11:02 am
Has the improved stock market boosted your 401(k) back to levels it had reached before the recession?
Read More >>84 Percent of Workers Auto Enrolled in a 401(k) Stick with the Plan (Financial Planning.com)
By admin at 28 October, 2009, 10:08 am
Eighty-four percent of workers who are automatically enrolled in a 401(k) plan stick with the plan, up from 77% in 2007, Charles Schwab found. Participation among all plans rose to 77%, up from 73% in 2007.
Read More >>401(k) plan cash-outs linked to age: Study (Business Insurance)
By admin at 28 October, 2009, 8:51 am
The likelihood of employees taking a cash distribution from their 401(k) plans when leaving their jobs, rather than keeping the money in the plan or rolling it over to an individual retirement account or a new employer’s retirement plan, is directly related to a worker’s age, according to a study released Wednesday.
Read More >>Pension Benefit Information and RolloverSystems, Inc. Form Joint Venture Enabling 401(k) Plan Sponsors and Advisors to … (PR Newswire via Yahoo!…
By admin at 28 October, 2009, 8:16 am
RolloverSystems, Inc. and Pension Benefit Information today announced a partnership to help 401 plan sponsors, their advisors, and third-party administrators easily manage the accounts of terminated participants, keep their savings invested in retirement, and reduce plan costs.
Read More >>88 Percent of Workers Auto Enrolled in a 401(k) Stick with the Plan (Financial Planning.com)
By admin at 28 October, 2009, 7:38 am
Eighty-eight percent of workers who are automatically enrolled in a 401(k) plan stick with the plan, up from 77% in 2007, Charles Schwab found.
Read More >>Hewitt Study Shows Nearly Half of U.S. Employees Cash Out Their 401(k) Accounts When Leaving Their Jobs (Business Wire via Yahoo! Finance)
By admin at 28 October, 2009, 6:00 am
LINCOLNSHIRE, Ill.—-Increased efforts to caution Americans about the negative financial consequences of cashing out their 401 plans have had little impact in changing their behavior over the past few years, according to a new study by Hewitt Associates, a global human resources consulting and outsourcing services company.
Read More >>Automatic 401(k) Enrollment Is Not for Everyone (Financial Planning.com)
By admin at 28 October, 2009, 5:08 am
The Government Accountability Office noted in the report that some studies have found that participation rates can reach as high as 95 percent under automatic enrollment.
Read More >>Automatic 401(k) Enrollment Is Not for Everyone (WebCPA)
By admin at 27 October, 2009, 4:10 pm
Automatic enrollment for employees in 401(k) plans appears to significantly increase participation, but may not be suitable for all retirement plan sponsors, according to a new government report.
Read More >>Automatic feature boosts 401(k) participation (St. Louis Post-Dispatch)
By admin at 27 October, 2009, 11:52 am
All the behavioral theories about workers’ inertia appear to be true.
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