With all that turnover, a lot of 401(k) money gets ... Labor’s Abandoned Plan Search tool to search for plans that have already been terminated or that have started the termination process.
Although crypto is a small part of the 401(k) plan market, it could grow substantially in 2025. However, advisors point to volatility and risk as reasons to be conservative with cryptocurrency ...
The Department of Labor (DOL) has launched a 'Retirement Savings Lost and Found Database' to help people find their old pension plans and 401(k)s. In May 2023, there were over $29 million ...
The new year brings some changes to 401 (k) plans across the country, including an expanded limit on catch-up contributions older workers can make. The larger contributions can lower the amount of ...
The Internal Revenue Service (IRS), in November, announced that it had increased the amount that individuals can contribute to their 401(k) and other retirement plans to account for inflation.
401(k)s and IRAs are two common types of retirement plans. You can only contribute to a 401(k) if you work for a company that offers one, but you can typically fund an IRA as long as you earn ...
If you have a 401(k), or plan to have one soon, you might want to know about the SECURE 2.0 Act. This piece of legislation passed in December 2022 but set the stage for 401(k) changes in 2025.
“A 401(k) is a workplace savings plan that has tax advantages as an incentive to invest for retirement,” noted the financial firm Fidelity Investments. It allows you to save in a tax-deferred ...
One of the biggest perks of 401(k) retirement plans is the opportunity for employees to earn "free money" through employer matching contributions; however, recent research from Vanguard Group ...
Private-equity companies may be coming for 401(k) plans. With the incoming Trump administration just weeks away from starting, private-equity firms are poised to lobby in Washington for broader ...