How to Decipher Fees in Your 401k Plan?

Answer Workers and employers use 401K plans to save for retirement. Workers invest part of their salary into the plan, and employers often contribute as well. There are fees associated with the management... Read More »

Top Q&A For: How to Decipher Fees in Your 401k Plan

Is a 401k plan an IRA?

A 401k plan is not an individual retirement account (IRA). Both 401ks and IRAs are retirement accounts, but 401ks are set up by companies and IRAs are set up by individuals.Source:IRS: Publication ... Read More »

What is a 401k plan?

According to the Investment Company Institute, on November 10, 1981, the Internal Revenue Service amended the U.S. tax code to allow for the creation of a tax-advantaged investment account known as... Read More »

What is a Roth 401k plan?

Retirement is a portion of everyone's financial life, and your personal planning and preparation define whether this is a pleasant time in your life. There are many ways to help you save for retire... Read More »

Who created the first 401k plan?

Modern 401k plans were created as part on an Internal Revenue Service tax code change that was enacted by the United States Congress in 1978. The first corporation to begin offering 401k plans to t... Read More »