News HighlightsDefined Contribution Plans Quickly Changing Once just a supplement to the pension system, defined-contribution plans such as 401ks are growing and changing fast as they evolve into a linchpin of Americans' retirement savings and offer increasingly innovative investment options, a new study indicates. Five Mistakes to Avoid in Your 401k While nearly a third of workers participate in 401k plans, some common mistakes and oversights limit the rewards they ultimately reap. What Should You Do With Your Old 401k? While leaving your retirement account with a former employer is a better decision than cashing out your account and splurging on a boat, it may be more beneficial to consolidate your retirement savings by rolling your old 401k or similar employer-sponsored retirement plan into an IRA. This article talks about the benefits of such a rollover. 401k Sponsors Push for Fee Cuts Employers aren't waiting for the outcome of a slew of 401k-fee lawsuits now mired in the courts to define what are reasonable costs. Many are putting the squeeze on their 401k providers. IRS on Common Electronic Record Retention Problems In its latest newsletter for retirement plan practitioners, the IRS highlights some of the difficulties it has encountered in its employee plan examinations due to the increasing automation of plan administration, including functions such as payroll, discrimination testing, and distributions. Industry News |
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