How to Tell If You Have a Good 401(k) Plan
08/24/2010 0 comments
Emily Brandon on US News stated several factors to decide how a 401(k) plan is:
Employer Contributions
Waiting Period
Vesting Schedule
For practical reasons, participants do not have a choice: the plan is there. It is hard to believe people choose a job solely based on a company's 401(k) plan quality. Certainly, knowing the above factors and then trying to tell your human resources or benefit people to change/improve a plan is one possibility.
But one thing is certain: participants can take care of themselves by doing a better job in terms of evaluating and understanding the available investment choices in a 401(k) plan. Knowing your options and applying a sound investment strategy such as the ones provided by MyPlanIQ is one way. Moreover, making a better decision for rollover your previous 401(k) to current 401(k) or just go directly to IRA (and which brokerage?) could certainly help. That is why MyPlanIQ's PlanRatingIQ can help. We will have more articles on these topics in the coming months.
labels:IRA,401K,Investment,
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