Offer retirement guidance: Advisors provide workshops or one-on-one consultations with employees to help them make informed decisions about their retirement savings, such as choosing betweenRoth and traditional 401(k)options or selecting investment funds. Improve participation rates: Through education, adv...
A 401K allows employees to contribute a portion of their salary towards retirement and enjoy tax benefits on their contributions. However, when you leave your job or retire, you might be wondering what to do with your 401K. In such cases, rolling your 401K into a self-directed IRA can be ...
Other retirement plans, such as a 403(b)s, offered to public school and church employees, or 457(b)s, offered to employees of state and local governments, provide loans against retirement savings, but borrowing guidelines may vary by employer. ...
“While an old 401(k) can sometimes be rolled over into your 401(k) with a new employer, the most common course of action is to transfer those funds into an IRA,” Jumper said. Rather than rolling over the 401(k), you could also check with your former employer to see about the p...
Many employees rely on 401(k) plans for retirement savings. But hidden fees in 401(k) plans, including administrative costs, investment fees and individual service fees, can significantly impact your retirement savings. Discuss fee structures with your p
Finding and hiring good employees is difficult. This guide will walk you through how to hire employees, with tips and examples along the way.
Vestwell's Ben Thomason recommends that small businesses consult with an expert and start simple when choosing to offer employees a 401K plan.
to allow such withdrawals, as the IRS does not compel companies to make hardship withdrawals available to employees. If your employer does allow for hardship withdrawals, you must write a letter that details the reason that you need the money. You should also provide your employer with some ...
A 401(k) plan is an employer-sponsored, tax-advantaged retirement plan where employees contribute funds from their paycheck to invest. Here's how to get started.
The learning modules are robust, thorough, and easy to navigate. They are separated into 3 areas of study followed by 3 separate exams to be taken after all modules have been completed. They include: Retirement Plan Fundamentals, which will "provide an introduction to the most relevant topics ...