Help for 401k plan sponsors, retirement professionals, small business, employee and 401(k) rules

  Your web browser does not support JavaScript or you have disabled it. The menus on this site will not work without JavaScript.


FAQ - ANSWER

Question: What makes a good 401k?

Answer: Since your 401k plan is one of your most important retirement savings vehicles, you want it to be as good as possible. Here are the features that we think make a really good 401k plan. How does your plan compare?

  • Immediate eligibility
  • Valued daily
  • Generous Employer match
  • Maximum contribution can be made each year, i.e., the plan places no restrictions on the amount
  • Low expenses or the plan sponsor pays most fees
  • Both internet and voice access for checking performance, balance, making changes, etc.
  • Name brand no-load mutual funds as investment options are offered
  • At least 12 investment options available, including both passive (index) and active investment (actively managed) funds
  • Loans and hardship withdrawals available
  • Newsletters, fund prospectus, investment performance information and some type of education seminar and/or advice product offered

 


Press Center | Glossary | Privacy Policy | Terms of Use | Contact Us
by 401khelpcenter.com, LLC