401K

A federal district court in New York recently granted Omnicom Group Inc.’s (“Omnicom’s”) motion to dismiss, for lack of Article III standing, claims challenging the offering of investment options in Omnicom’s 401(k) plan in which the plaintiff participants did not invest.  The court denied Omnicom’s motion to dismiss, however, with respect to the remainder of the claims, which … [Read more...] about District Court Partially Dismisses ERISA 401(k) Fee and Performance Claims for Lack of Standing | Proskauer – Employee Benefits & Executive Compensation Blog

(Photo: Shutterstock) After the challenges of 2020, Americans are thinking more urgently about their financial security. While last year turned out to be a strong year for markets, it certainly didn’t look that way in March, as major indices experienced the fastest-ever decline into bear market territory. The challenge and economic turbulence of 2020 was unsettling for people … [Read more...] about Shifting the 401(k) savings conversation to guaranteed income

While it slipped a bit at the end, July turned out to be another good month for the equity markets—and those average 401(k) balances? Well, it turned out to be a good month for them as well, extending the gains that they’ve experienced in recent months. The S&P 500 notched its sixth consecutive month of gains, rising 2.3% in July, while the Dow gained another 1.3%, just … [Read more...] about Average 401(k) Continued Hot Streak in July

MENU ACCOUNT SECTIONS OTHER CLASSIFIEDS CONTACT US / FAQ … [Read more...] about Changing jobs? Experts offer advice for 401(k) accounts

Brought to you by Beltone - A leader in hearing healthcare. If you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: “Am I contributing enough?” “Am I still funding these accounts with the right mix of investments for my goals and risk tolerance?” But here’s one inquiry you might be … [Read more...] about Review your IRA, 401(k) beneficiaries

PENSION savers needing access to their 401k cash can make penalty-free withdrawals during the Covid crisis. We explain who's eligible and the risks you need to be aware of. 1Retirement savers can withdraw 401k cash during the Covid crisisCredit: Getty What is a 401k? A 401k allows you to dedicate a percentage of your pre-tax salary to a retirement account. Employers can also … [Read more...] about Covid 401k withdrawal 2021 – what you need to know

Eight in 10 401(k) savers are invested in target date funds (TDFs). That's according to Vanguard's "How America Saves 2021" report, an in-depth look at 401(k) plans and how U.S. workers are preparing for retirement. The growing popularity of TDFs isn't surprising. More 401(k) plans are adopting automatic enrollment, which selects TDFs for plan participants by default. TDFs are … [Read more...] about 4 Target Date Fund Pitfalls to Avoid in Your Retirement Account

ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and … [Read more...] about Paychex is the Nation’s Largest 401(k) Recordkeeper

ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and … [Read more...] about Paychex is the Nation’s Largest 401(k) Recordkeeper