Recently, President Donald Trump issued an executive order calling for the review of alternative assets in 401(k) plans. This executive order has the potential to change how alternative assets are treated in defined contribution retirement plans and has the Department...
Over the next few years, there will be a growing opportunity for wealth advisors: The small or “micro” 401(k) plan market. What is a small or micro 401(k) plan market? It’s simply plans with less than $5 million in assets. This segment represents the largest area of...
In recent years, many Americans have been dipping their toes into cryptocurrency, making investments that sometimes have paid off – big time. And the Department of Labor has recognized this, paving the way for employers to add cryptocurrency to 401(k) plans. Recently,...
In the past, part-time employees haven’t been given the opportunity to receive matching contributions with employer retirement accounts. However, as a provision of the SECURE 2.0 act, the eligibility rules have changed – while the requirements haven not. Currently,...
The number of American workers who are taking hardship withdrawals out of their employer-sponsored retirement plans is on the rise – potentially putting retirement at risk. According to Vanguard Group, 4.8% of 401(k) participants in 2024 took a hardship withdrawal –...
A recent report came out showing that more Americans than ever have $1 million in their 401(k). This is great news for retirement saving! But when you look a little deeper, there still aren’t a massive amount of millionaires winning the game of retirement saving. So,...
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