Author: 401kadmin

Supreme Court Allows Excessive 401(k) Fee Lawsuits to Proceed to Trial Excessive 401(k) Fee Lawsuits Given Green Light by Supreme Court Another nail in the coffin of 401(k) fees was just hammered in. The Supreme Court has ruled that lower courts cannot easily dismiss 401(k) fees lawsuits, as they have in the past. This is…

Forecasting the Future of Your 401(k): What to Expect This new year will be a year of surprises. Actually, you have probably noticed that all facets of life are speeding up, so new economic developments will come at us faster and furious-er (Is that a word?). In some cases, the typical investor will not have…

Do the Same Folks Who Avoid a Covid Vaccination also Avoid the 401(k)? Is There a Link Between Covid Vaccine Hesitancy and 401(k) Participation? If you read this blog, we’ll bet dollars to donuts you have already been vaccinated against Covid. Intelligent, interested people are the type that will read blogs and also will get…

House Democrats propose new retirement plan rules for the rich, including contribution limits and other changes to level the playing field between super-rich folks and everyone else. Some of the proposals include: 1. End “backdoor” and “mega-backdoor” Roth strategies for the wealthy and add new rules for individuals with over $10 million retirement savings. This…

Ensuring Future Financial Stability with Secure Savings Programs Secure Savings Programs (or SSP) will be deployed in several states in the coming years. The states  (including California, Illinois, Oregon, Colorado, and counting) will require small employers (those with 5 to 25 full-time employees) to offer employees either a 401(k) or a state-mandated secure saving program….

To Find out What’s Right About Backdoor Roth 401(k) Contributions go to the Blog at https://www.401keasy.com/blog To Find Out What’s Wrong with Back Door 401(k) Contributions, Read the Following: 1) An employee using the Back Door Roth Contribution (BDC) feature must earn less than $140,000 in adjusted gross income if filing as a single taxpayer…

We believe 401(k) fees are unethical, unfair, and plain wrong. We hope that when you evaluate your 401(k), you consider the impact these 401(k) fees are having on your retirement security. It was recently reported in the financial press that today there are more “401(k) millionaires” than at any other time in history. The two…

Biden’s 401(k) Plan: Equalizing Opportunities for Retirement Savings President Biden hopes to encourage lower-and middle-income wage earners to save more for their retirement by making a significant change in 401(k) design. American workers contribute pre-tax dollars to their 401(k) retirement savings plans, then pay taxes when they withdraw their money during their retirement years. This…

Covid impact on 401(k) One under-reported consequence of the COVID is its impact on American workers’ 401(k) retirement plans. There will be a permanent adverse effect on Americans’ financial future due to these premature withdrawals in the form of 401(k) loans and 401(k) hardships. COVID’s under-reported impact on 401(k)s has been a ten-fold increase in…

Stop Being a Chump. Stop Financial Advisors from Skimming 401(k) Fees From Your Retirement Savings. Bloomberg Law reports that class action lawsuits concerning 401(k) fees have seen a five-fold increase in the past 12 months!  The word is getting out that 401(k) fees skimmed from employees’ retirement savings are starting to bite, and financial advisors…