CFO Publishing Corp.

News & Analysis

401(k) plan and cfo publishing corp. - All News and Analysis

• Sprucing Up the 401(k): With Other Retirement Vehicles in Dire Shape, Plan Sponsors Are Rethinking Their Defined-Contribution Offerings

  BNET - 2006-04-01

  Social Security is projected to become insolvent in 2041, according to its trustees. Traditional pension plans are terminated, frozen, or underfunded with increasing regularity. That leaves the 401k plan to carry the bulk of the retirement load. The trouble is, though, plenty of research suggests that 401k plans, as they...

  Tags: CFO Publishing Corp., 401(k) Plan, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• Matchmaker, Matchmaker, Build Me a Plan: While Simplified Investment Choices Can Boost Employee Participation in a 401(k), Nothing Meets That Goal as Well as a Robust Cash or Stock Contribution That Matches Part of What the Employee Saves

  BNET - 2006-01-12

  While there are many variations in matching formulas, an employer pay-in of 50 percent up to the first 6 percent of salary that the employee contributes is increasingly considered to be the standard. Matches should be stretched out across as big a percentage of pay as possible to move workers...

  Tags: CFO Publishing Corp., 401(k) Plan, Stock, Matchmaker, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• Avoiding 401(k) Contributions Is Risky Business: Employees' Retirement Income Could Fall Short of Their Projected Needs by as Much as 73 Percentage Points

  BNET - 2005-11-29

  If one does not contribute to his or her 401k plan, one probably will not have enough money to maintain the current lifestyle. That's one of the findings in a new study released by Hewitt Associates. According to the research, employees who do not contribute to their 401k plan can...

  Tags: CFO Publishing Corp., 401(k) Plan, Income, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• Little Growth Seen in 401(k) Plans: For All Workers, the Participation Rate in 401(k) Plans Has Topped 70 Percent, According to a New Study, But for Workers Under the Age of 30, the Figure Is a Mere 46 Percent

  BNET - 2005-05-16

  Compared with results from 2002, when Hewitt conducted its previous study, the participation rate in 401k plans increased slightly, to 70.3 percent - but for workers under the age of 30, that figure was just 46 percent. Hewitt's study examined the saving and investment behavior of more than 2.5 million...

  Tags: CFO Publishing Corp., 401(k) Plan, Worker, Hewitt, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• 401(k) Participation Holds at 73 Percent: Companies Look Into Automatic and "Easy" Enrollment Approaches to Encourage More Employees to Take Part

  BNET - 2005-04-08

  More than one-quarter of employees at companies with a 401k plan have chosen not to participate, according to new survey by Deloitte Consulting. Specifically, plan participation by employees at 426 responding plan sponsors in 2004 was at 73 percent, holding steady for the third year straight. The companies surveyed had...

  Tags: Employee, CFO Publishing Corp., 401(k) Plan, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• Match Game: Companies Are Making Strategic Use of 401(k) Matching Contributions, But Are They Toying With Their Employees' Retirement?

  BNET - 2005-02-22

  Pensions are dying, stock options are dead; bonuses and health-care plans are looking more anemic by the day. Of the portfolio of employee benefits, only the 401k remains robust. Companies have long recognized that when it comes to getting employees to participate in a plan, what counts most about the...

  Tags: Game, CFO Publishing Corp., 401(k) Plan, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• The Cost of Loyalty: Even Now, Employees Still Invest Their 401(k)s in Company Shares, and They Still Sue if the Stock Goes South

  BNET - 2004-12-13

  Ever since the Enron debacle, in which employee retirement accounts collectively lost more than $1 billion, workers have been warned about the downside of putting 401k money solely in their company's stock. But, according to Hewitt Associates, the practice is alive and well. In fact, some 84 percent of the...

  Tags: Hewitt Associates LLC, CFO Publishing Corp., 401(k) Plan, Stock, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• The Cost of Loyalty

  BNET - 2004-12-13

  Ever since the Enron debacle, in which employee retirement accounts collectively lost more than $1 billion, workers have been warned about the downside of putting 401k money solely in their company's stock. But, according to Hewitt Associates, the practice is alive and well. In fact, some 84 percent of the...

  Tags: Hewitt Associates LLC, CFO Publishing Corp., 401(k) Plan, Stock, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• Raiding The Returns

  BNET - 2004-05-27

  From the executive summary: ‘Complaints of the 401k plans focus mainly on the steep fund expenses that are passed on to plan participants. They include an average of 156 basis points for administration, plus commissions and other transaction costs. It is hard to determine what individual charges the fees include....

  Tags: CFO Publishing Corp., 401(k) Plan, 401(k), Retirement Plans, Investment, Human Resources, Benefits, Finance

• Raiding the Returns: Hidden Costs and High Fees Eat Into 401(k) Plan Benefits

  BNET - 2004-05-27

  Although fallout from the mutual-fund trading scandals still dominates the headlines, some companies with 401k plans reserve their greatest ire for another issue: fees. Complaints focus mainly on the steep fund expenses that are passed on to plan participants - an average of 156 basis points for administration, plus commissions...

  Tags: CFO Publishing Corp., 401(k) Plan, 401(k), Retirement Plans, Investment, Mutual Funds, Human Resources, Benefits, Finance