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401k

Is Your Company's 401k Plan as Good as It Could Be?

Submitted by Ferguson Financial Inc. on July 23rd, 2015

Tags:
  • 401k
  • Form 5500
  • Tibble v. Edison International
  • Read more

Changes in the Retirement Benefits Landscape

Submitted by Ferguson Financial Inc. on December 13th, 2014

 

 

A rundown of the big & little alterations coming next year.

 

2015 will bring COLAs, changes & something new. Each year, the retirement benefits landscape looks a little different, and next year is no exception. Here’s a look at what will change, what might develop, and even what won’t change for 2015.

   

The 401(k) contribution limit expands $500 to $18,000 next year. The catch-up contribution limit for plan participants 50 and older also rises by $500 to $6,000. If you are in the 25% tax bracket and put $18,000 in your 401(k) next year, you will save $4,500 in 2015 federal income taxes as a result. That tax savings comes with a regular 401(k), not the Roth version.1

 

Tags:
  • 401k
  • Form 5500
  • Tibble v. Edison International
  • Wall Street Glitch
  • Read more

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