Answers in 401k Plans

Here you will learn to understand your 401k and how to utilize your retirement plan as a valuable ally in the fight for a successful retirement.
3 votes
Mike Fleiner Level 13
Toni, many 401(k) plans still provide large investment menus that can be quite daunting for the average participant to negotiate. Your 401(k) provider maintains a participant website that you can log into, and review your account to explore your investment ...(more)
2 votes
If an advisor is not available, you could vet each fund by checking in on Morningstar. They provide a rating for both mutual funds and ETF's. The link is www.morningstar.com. Just type in the ticker to receive a quote and analytics.
3 votes
Mike Fleiner Level 13
If you are still employed by the company that sponsors your 401(k) Plan you cannot take a distribution unless you are 59 1/2 for most plans. If you have left the company you can request a distribution by contacting your plan administrator/recordkeeper. ...(more)
1 vote
Jason Hull Level 20
Not that the government is particularly good at issuing clear language guidance, but here's a guide from the IRS which is slightly more plain English: http://www.irs.gov/Retirement-Plans/Plan-Sponsor/401(k)-Resource-Guide---Plan-Sponsors---General-Distribution-Rules
3 votes
Mike Fleiner Level 13
Edwin, when you default on a 401(k) loan from a 401(k) plan the money you still owe becomes a distribution event. In other words, you normally have a period of time after you have left the company to pay back the loan (usually 60 days). Your question ...(more)
7 votes
The answer is "most likely" because of your position and "maybe!" I've seen situations where the CFO is NOT responsible for the plan, but rather, a retirement committee of other leadership positions or the CEO and HR director were instead. A lot of the ...(more)
2 votes
The following information from their latest DOL filings. Florida Tile, Inc. Named Plan Sponsor Tracy Fisher Address 320 W Main St Lakeland, FL 33815 -1556 Telephone (706) 232-5181
2 votes
Jason Hull Level 20
You can find out the contact information here: http://www.brightscope.com/form-5500/basic-info/438110/Florida-Tile-Inc/443881/Florida-Tile-Inc-Savings-And-Investment-Plan/
3 votes
The easiest thing to do is contact the investment company that is handling the 401k plan. If you were a participant and had a balance at least at one time you would have received a statement. Simply call the investment company, ask for participant services ...(more)
3 votes
You are in all likelihood a fiduciary. The term is quite often misunderstood as to what constitute a fiduciary. Generally if you are the CFO it is a treacherous path that you tread. Most certainly the trustee of the plan (usually the company owner) is ...(more)
7 votes
Michael Level 12
If you are part of a large corporation plan and it has as many choices as you indicate, there may also be an optional third party manager. Financial Engines is an example. They are a manager that will direct your investment allocations for an additional ...(more)
5 votes
Your companies plan should have a financial adviser that meets with the group and is available for one on one consultations. If they do not and you have not seen anyone stop by I would ask the HR person why? Good luck
2 votes
Herbert N Glass Level 18
It is easy! first, if you are in a 401(k) Plan that has participant directed accounts, your employer is obligated to give you your account information once per quarter. However, if your 401(k) Plan account monies are comingled with all other participants' ...(more)
3 votes
Joshua R. Dunham Level 11
To determine your 401K balance, allocation, and contribution history, you should first contact your Human Resources Department. They will most likely direct you to an online portal for your Plan Sponsor. If you have not accessed this information before, ...(more)
2 votes
Joshua R. Dunham Level 11
To determine your 401K balance, allocation, and contribution history, you should first contact your Human Resources Department. They will most likely direct you to an online portal for your Plan Sponsor. If you have not accessed this information before, ...(more)
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