Now is a good time for employees to know what they can do to maximize the tax benefits they receive from participating in their employer-sponsored 401(k) plan.
Plan sponsors need to take action to retain their robust funding, while at the same time recognizing that funded status is a key influencer in decision-making going forward.
The rule amendment, which was first proposed in 2010, would require marketing materials for target-date retirement funds to include a table, chart or graph depicting the funds asset allocation over time or its glide path.
The Pension Benefit Guaranty Corp. announced a proposal this week that would make it easier for 401(k) plan participants to get higher returns and secure lifetime income by moving their funds into traditional pensions.
Financial literacy has become a priority for corporations, multiemployer trust funds and public-sector employers in both the U.S. and Canada, according to a survey by the International Foundation of Employee Benefit Plans.
Solid market returns drove nationwide growth in 401(k) balances last year, though not every state enjoyed the same level of success, according to a study by Judy Diamond Associates.
Not everybody is enamored of these vehicles, including the Department of Labor, which has said it will have a discussion sometime in the future about how target-date funds can be made more standardized and transparent.
DebugScreen: mobile
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"articles": [
{
"uri": "/2014/04/07/5-tips-for-maximizing-401k-tax-benefits/",
"title": "5 tips for maximizing 401(k) tax benefits",
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"summary": "Now is a good time for employees to know what they can do to maximize the tax benefits they receive from participating in their employer-sponsored 401(k) plan.",
"body": null
},
{
"uri": "/2014/04/07/are-custom-funds-better-than-pre-packaged-options/",
"title": "Are custom funds better than pre-packaged options?",
"byline": "Paula Aven Gladych",
"kicker": "",
"prettyDate": "April 07, 2014",
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"authors": [
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"summary": "Defined contribution plan sponsors are evaluating their current target-date funds and considering whether or not custom TDFs are a better option.",
"body": null
},
{
"uri": "/2014/04/04/dont-let-2014-db-opportunities-pass-you-by/",
"title": "Don’t let 2014 DB opportunities pass you by",
"byline": "Paula Aven Gladych",
"kicker": "",
"prettyDate": "April 04, 2014",
"timeToRead": "3 minute",
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"authors": [
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"summary": "Plan sponsors need to take action to retain their robust funding, while at the same time recognizing that funded status is a key influencer in decision-making going forward.",
"body": null
},
{
"uri": "/2014/04/04/sec-seeks-second-round-of-glide-path-comments/",
"title": "SEC seeks second round of glide path comments",
"byline": "Paula Aven Gladych",
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"prettyDate": "April 04, 2014",
"timeToRead": "2 minute",
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"authors": [
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"summary": "The rule amendment, which was first proposed in 2010, would require marketing materials for target-date retirement funds to include a table, chart or graph depicting the funds asset allocation over time or its glide path.",
"body": null
},
{
"uri": "/2014/04/03/pbgc-unveils-rollover-plan/",
"title": "PBGC unveils rollover plan",
"byline": "Paula Aven Gladych",
"kicker": "",
"prettyDate": "April 03, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "The Pension Benefit Guaranty Corp. announced a proposal this week that would make it easier for 401(k) plan participants to get higher returns and secure lifetime income by moving their funds into traditional pensions.",
"body": null
},
{
"uri": "/2014/04/03/financial-literacy-becomes-a-priority/",
"title": "Financial literacy becomes a priority",
"byline": "Paula Aven Gladych",
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"prettyDate": "April 03, 2014",
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"summary": "Financial literacy has become a priority for corporations, multiemployer trust funds and public-sector employers in both the U.S. and Canada, according to a survey by the International Foundation of Employee Benefit Plans.",
"body": null
},
{
"uri": "/2014/04/02/lu-appointed-deputy-secretary-of-labor/",
"title": "Lu appointed deputy secretary of labor",
"byline": "Paula Aven Gladych",
"kicker": "",
"prettyDate": "April 02, 2014",
"timeToRead": "2 minute",
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"kickerNode": [],
"summary": "Lu replaces deputy secretary Seth Harris, who held the position since 2009.",
"body": null
},
{
"uri": "/2014/04/02/fidelity-hits-best-ever-sales-in-small-to-mid-size/",
"title": "Fidelity hits best-ever sales in small- to mid-sized DC plan market",
"byline": " Paula Aven Gladych ",
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"prettyDate": "April 02, 2014",
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"summary": "The company added more than 1,500 plans with $50 million in assets or less, an increase of 7 percent over the prior years sales",
"body": null
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{
"uri": "/2014/04/02/top-10-states-for-401k-balance-increases/",
"title": "Top 10 states for 401(k) balance increases",
"byline": "Paula Aven Gladych",
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"prettyDate": "April 02, 2014",
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"summary": "Solid market returns drove nationwide growth in 401(k) balances last year, though not every state enjoyed the same level of success, according to a study by Judy Diamond Associates.",
"body": null
},
{
"uri": "/2014/04/01/target-date-funds-have-some-critics/",
"title": "Target-date funds have some critics",
"byline": "Paula Aven Gladych",
"kicker": "",
"prettyDate": "April 01, 2014",
"timeToRead": "6 minute",
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"authors": [
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],
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"summary": "Not everybody is enamored of these vehicles, including the Department of Labor, which has said it will have a discussion sometime in the future about how target-date funds can be made more standardized and transparent.",
"body": null
}
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}
}
