The latest 401(k) match to fall in recent months came at The Denver Post newspaper where managers and other non-union employees were informed their match would be suspended in 2009.
Tag: Plan design
The volatile economy has increased the urgency behind this year’s terminated plan season.
A recent survey of small business owners by SurePayroll found that only one-third of small businesses currently offer 401(k) plans to their employees, and 45% of small business owners do not offer any type of retirement savings plan.
The new year ushered in some important provisions that directly affect qualified retirement plans.
The Supreme Court’s recent 401(k) ruling should be a warning.
Despite current economic strains, ShareBuilder reports surging sales of small business 401(k) plans.
The majority of retirement plan expenses are paid by the plan sponsor, but many plan sponsors do not review the fees paid to their adviser, a recent survey said.
401(k) plan sponsors have a genuine interest in helping participants, says Cynthia Egan, President of T. Rowe Price Retirement Plan Services.
Nearly half (47%) of small business owners who do not currently offer a 401(k) said they never intend to offer one, according to a recent survey.
Nearly two-thirds (62%) of micro-business owners say the cost of administering and contributing to a retirement plan is the biggest hurdle to offering them.
According to Fred Reish, there are three main components to a successful retirement plan.
The fund giant will instead offer a richer 401(k) match and an annual credit to a health savings plan.
A new Hewitt Associates study of large US company retirement plans found that 43% offer, or are very likely to offer, third-party investment advisory services in the coming year.
The 2006 ShareBuilder Small Business Annual Retirement Trend (SBART) Survey found that 63% of respondents do not offer retirement benefits to their employees and more than half (63%) do not know what a 401(k) plan would cost to administer.