Before you scorn the use of badges, remember, the company match is the ultimate badge. If you meet a minimum savings goal, the company awards you a “badge” of a matching contribution.
Tag "401k"
Learning to budget isn’t a single lesson. It’s a series of lessons that get more advanced as the student progresses.
Because things happened so fast, everyday folks could see in real time how long-term financial systems unfold. In the end, this may have been the greatest lesson of all, and it came courtesy of living in the real-world economic laboratory that was 2020.
The mistaken promise of participation may have an all-too-familiar ring to corporate retirement plan veterans.
You might think you can ignore PEPs. And you might be in for a surprise.
Long industry veteran tells it like it is. How will his comments change your thoughts on these important subjects?
In the end, though, you must remember the PEP is brand new. Not all offerings will offer the same advantages. Some may be designed specifically to forego one advantage to emphasize another.
In the coming ascendency of 401k PEPs, here’s what might surprise you, and here’s what might disappoint you.
Here things get a little familiar for companies with pre-existing stand-alone 401k plans (but may need to be discovered by those without plans).
If plan sponsors assume things can return to the pre-Covid normal, they risk exasperating existing problems. They’re there and cannot be ignored.
