Guide to Your 401(k) Plan

workshop info hereSurveys have found that many people are saving for retirement. This is a necessity considering that employees may need 80% or more of their pre-retirement income to maintain their lifestyle in retirement. According to the Employee Benefit Research Institute's 2008 Retirement Confidence Survey® , more than a third of the retirees surveyed are not confident in having enough money to live comfortably throughout their retirement years. Employees need to understand the advantages a 401(k) plan has to offer as a source of income in retirement.

Who should attend this workshop?

This workshop is appropriate for newly hired employees, mid-career employees, and pre-retirees. It is recommended that employees attend this workshop more than once during their career. After attending this workshop, employee participation in the company's 401(k) plan often increases. This workshop is also helpful in training Human Resource personnel so they will have an educational tool available to them that will enable a more productive orientation with new employees.

What does this workshop cover?

  • Overview and description of 401(k) plans
  • How a 401(k) plan works
  • Employee and employer contributions
  • Restrictions
  • Exceptions
  • Advantages of a 401(k) plan
  • Pre-tax contributions
  • Tax-deferred growth
  • Loan provisions
  • Changing employers
  • Making the most of your 401(k) plan

How will this workshop help your employees?

Employees will be able to better understand why they need to participate in their 401(k) plan. After taking this workshop, employees will feel better equipped to make investment decisions within their 401(k) plan. Employers often experience a higher participation rate in the company's benefit plan, and employees often express appreciation for the training.

Workshop Specifics:

This workshop is available in a half-day program or one-day format depending on the customization requirements. This program is often customized to fit into one of the following comprehensive programs: The Complete Financial Management Workshop®, Taking Control - A Financial Management Workshop for Women, and Passport to Retirement™. Workshop cost will vary based on the length of the program, customization requests, and whether priced per session or per participant.

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