Topic: "401(k)"

Money in a nest with an egg

Have You Maximized Your Contribution?

As the end of year approaches, make sure you’re doing all you can to maximize your 401(k) account value. Boosting your 401(k) contributions could significantly decrease your 2020 tax bill. A 50-year-old participant in the 24% tax bracket who maxes... Read more
Red And Blue Directional Arrows Showing Traditional And Roth Ira Options On Wooden Blocks

Is a Roth conversion right for you?

A Roth conversion refers to taking all or part of the account balance of any existing pre-tax retirement account and moving it to a Roth account within the same plan. Plans do not need to offer Roth accounts or allow... Read more

Should your plan offer Roth Contributions?

There are two basic types of employee contributions in a 401(k) retirement plan, traditional pre-tax, and Roth. Although it is a popular feature, not all plans offer the option of Roth contributions. Traditional pre-tax contributions are paid to the plan... Read more

Matching Formulas

Employer matches in 401(k) plans provide an incentive for companies wanting to attract and retain good employees. There are many different variations in matching formulas. Some companies may match dollar for dollar, while others match at a smaller percentage. In... Read more
huge stack of papers

How does your 401(k) plan stack up?

Automatic enrollment helps participants save for retirement. In 2020, plans with automatic enrollment saw a 92% participation rate where plans with voluntary enrollment saw 62% participation rate. At the end of 2019, 94% of plans offered target date funds which... Read more
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