TITLE

Trust is an essential, but sometimes missing, element in retirement plans

AUTHOR(S)
Ackley, Dennis
PUB. DATE
April 2008
SOURCE
Employee Benefit News;Apr2008, Vol. 22 Issue 5, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article gives advice on strengthening employees' trust in 401(k) or 403(b) communication. Trust is an important factor in successful 401(k) and 403(b) retirement plans. Employees who do not trust their employers or the retirement plans being offered to them are more likely not to take full advantage of the plan, even with automatic enrollment. Examples of retail language that should not be in the workplace are listed.
ACCESSION #
32571986

 

Related Articles

  • 7 Steps to Making a Hardship Distribution.  // Public Employee Quarterly;Dec2009, p2 

    The article suggests way to employers in the U.S. on how to make hardship distributions from 401(k) and 403(b) plans, which was previously reported in the Summer 2009 issue of the newsletter "Retirement News for Employers." It stresses the need for employers to review the plan and comply with...

  • Employer 401 (k) advice: available but unused. Doyle, Bill // Employee Benefit News;11/1/2005, Vol. 19 Issue 14, p59 

    Presents the findings of the "Benefits Strategy and Technology Study" conducted by "Employee Benefit News" periodical and Forrester Research in the U.S. in 2005. Percentage of employers who said that they offered a 401(k), 403(b) or 457 plan; Reason of firms for offering 401(k) advice;...

  • 2012 PLANSPONSOR National Conference.  // Plan Sponsor;Aug2012, p13 

    The article discusses the highlights of the 2012 PLANSPONSOR National Conference in Chicago, Illinois. Discussions included a panel led by Mark Iwry of the U.S. Department of Treasury on upgrading 401(k) plans to "3.0" level, a panel wherein plan sponsors shared their retirement plan success...

  • Seeking Guidance. Moore, Rebecca // Plan Sponsor;Aug2015, p9 

    The article discusses the 403(b) plan which unlike 401(k)s, uses different investment vehicles and have more deferral types available to them. Topics discussed include compliance concerns by plan sponsors with respect to 403(b), the different classifications of employees that work for 403(b)...

  • Trendspotting. Bliman, Nicole; Cantore, Tara; Moore, Rebecca // Plan Adviser;Feb2012, p6 

    The article presents trends related to retirement planning. MetLife's 9th Annual Study of Employee Benefits Trends revealed that financially educated employees are productive. The Center for Retirement Research says low-income workers get more from a 401(k) plan. The 403(b) plan sponsor survey...

  • In-Plan Roth Conversion Rules Fleshed Out by Recent IRS Guidance.  // Venulex Legal Summaries;2009 Q4, Special section p1 

    The article focuses on the rules on the conversion of Section 401(k) and 403(b) savings plans to Roth accounts under the Small Business Jobs Act of 2010 in the U.S. The Act has failed to address the issue of how the conversion feature works in operation. The rules are effective on and after...

  • Fixing Common Mistakes - Correcting a Roth Contribution Failure.  // Retirement News for Employers;12/18/2014, p6 

    The article focuses on introduction of Roth feature by the employers in the U.S. in their 401(k), 403(b) and governmental 457(b) plans. Topics discussed include Roth contribution included as part of gross income and differentiated from pretax elective contribution, employers made mistake by not...

  • Roth 401(k) and 403(b) plans: Finally, almost here. Jones, George G.; Luscombe, Mark A. // Accounting Today;4/18/2005, Vol. 19 Issue 7, p10 

    Provides information on the Roth 401(k) and 403(b) plan programs in the U.S. Significance of the plan programs for employees; Results of a survey on 401(k) plans; Principal characteristics of Roth contributions.

  • Ease of Retirement Plan Use Drives Employee Engagement. Barney, Lee // Plan Sponsor News;2015, p11 

    The article discusses Deloitte's Annual Defined Contribution Benchmarking Survey which showed an increase in the median savings rate for non-highly compensated employees. Topics discussed include factors that boost the defined contribution (DC) retirement plan contribution rates and account...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics