401(k) Plan Turns 25…

January 2007
Journal of Financial Planning;Jan2007, Vol. 20 Issue 1, p12
Academic Journal
The article reports that the 401(k) retirement plan celebrated its 25th anniversary in November 2006. Between the plan's conception and 2006 it became a huge part of many people's retirement plans. The Investment Company Institute compared the plan in its early days to its current status. In 1981, 30 million workers participated in private-sector, defined-benefit pension plans, with few utilizing 401(k)s, while in 2006, 47 million workers participated in 401(k)s, with enrollment in defined-benefit pension plans falling greatly.


Related Articles

  • FACING THE ROLLOVER QUESTION. Caudill, April K. // Journal of Financial Service Professionals;Jan2005, Vol. 59 Issue 1, p34 

    This article focuses on the issue of rolling over retirement funds to an individual retirement account (IRA) versus leaving them in the employer plan. According to some estimates, about 14 million workers will lose their jobs in 2005 alone. While a great many of these individuals will cash out...

  • LOSING ALTITUDE. Lim, Paul J. // U.S. News & World Report;4/21/2003, Vol. 134 Issue 13, p58 

    Focuses on shrinking 401(k) accounts in the United States. How some people are no longer contributing to their retirement accounts; Impact of market forces, the economy and investor frustration on the 401(k); Financial information; Strategy of saving; Proposal of the President George W. Bush...

  • Retirement realities. Dobbs, Lou // U.S. News & World Report;6/16/2003, Vol. 134 Issue 21, p60 

    Discusses the effect on retirement savings of the stock market crash that started in 2000. Decision of many seniors to defer retirement; Percent of people aged 65 and older who are working; Effects of the shift away from employer-funded pension plans and toward defined-contribution plans like...

  • New Roth 401 (k) will eliminate income restrictions. Blau, Joel M. // Urology Times;9/1/2005, Vol. 33 Issue 11, p52 

    Presents a question and answer on topics and issues about the new Roth 401 (k) plans in the U.S. Availability of retirement savings plans that allow retirees to take distributions on a tax-free basis; Enactment of a law that eliminates income restrictions; Individuals eligible for the Health...

  • Salary Reduction Plans. Salisbury, Dallas L.; Silverman, Celia M.; Yakoboski, Paul J. // Benefits Quarterly;1994 Second Quarter, Vol. 10 Issue 2, p10 

    The increased role played by salary reduction plans in the U.S., such as 401(k) plans, as both primary and supplemental retirement income vehicles is a dramatic development in employment-based pension plans. Such plans allow workers to set aside a portion of their salary on a before tax basis in...

  • The 401(k) Gets a Makeover for 2006. Lim, Paul J. // U.S. News & World Report;1/16/2006, Vol. 140 Issue 2, p42 

    The article reports on the Roth 401(k), which allows workers to put after-tax dollars in tax-sheltered plans so that at withdrawal the money comes out tax-free. Whether not to take advantage of a Roth 401(k) depends on what tax bracket the worker is in today and what tax bracket he or she will...

  • GET READY TO RETIRE WITH A ROTH 401(K). Palmer, Kimberly // U.S. News & World Report;12/31/2007, Vol. 143 Issue 23, p58 

    This article describes how use of a Roth 401(k) can help you to save more for retirement. The Roth 401(k) allows workers to save post-tax dollars in an account that will be free from tax forever. Fidelity Investments recommends the plan for both those who already have accumulated retirement...

  • Actionable Information Creates Higher Savings. Moore, Rebecca // Plan Advisor News;2014, p143 

    The article focuses on the plan of the participants in the investment company Putnam Investment's 401(k) plans to increase their level of retirement preparedness in the U.S. It states that the company launch its Lifetime Income Analysis, which motivates participants to continue taking advantage...

  • STASHING YOUR CASH. Stern, Linda // Newsweek;12/12/2005, Vol. 146 Issue 24, p98 

    The article reports on a new retirement savings plan, the Roth 401(k). Unlike a traditional 401(k), the new plan will allow participants to put in up to $20,000 in savings but do not allow contributors to take a tax deduction. The plans should appeal to younger workers making small salaries...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics