A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.
Sentiment: POSITIVE
401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.
Employer contribution pension plans have become increasingly popular throughout the past two decades.
Social Security is a social insurance program - it is not designed to be the same thing as a 401(k).
The retirement system that is in place for members of Congress and other federal workers features what is known as the Federal Employment Retirement Plan.
Knowing where you stand in your quest to accumulate enough money for retirement is an incredibly important part of the planning process.
A great advantage of a large corporation is supposed to be the large pool of talent in which its leaders can find and groom high achievers and successors.
Employees are a company's greatest asset - they're your competitive advantage. You want to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission.
It has long been said the only things in life that are certain are death and taxes. Automatic enrollment for insurance of 401k loans would add an additional certainty. Fewer Americans would suffer the unnecessary loss of retirement savings due to unanticipated and untimely misfortune in an already stressful time of need.
I have to think about the possible ramifications of an early retirement.
Increased awareness and education could be a great help toward improving spending and saving habits and increasing participation and contribution levels to retirement plans.
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