Looking Inside Your 401k
October 16, 2011 by tfroberts
Starting in 2012, 401k plan sponsors will have to provide you more information on the performance of the investments offered, the costs of the plan and display this in a comparative format. The intent is to give you a better picture of your 401k. Most participants will start seeing the new format in Fall 2012.
This information should make it easier for you to determine if your investments match your needs and goals. You will also find it easier to compare your company's plan with other plans. If you are responsible for your company's plan, you have an obligation to assure your plan meets the new requirements and is providing acceptable performance and cost to your employees.
Check here for a Model Chart and info from the Department of Labor or call for more information.
Careful planning needed to meet retirement health care needsHealth care is expensive. With the efforts to balance government budgets, the trend of shifting more costs to the consumer is likely to continue. Whether we are retired or planning for retirement, the numbers can be daunting. |