SEC Chairman Paul Atkins presents a plan for access to private markets in 401(k) accounts
SEC Chairman Discusses Expanded Access to 401(k) Investments SEC Chairman Paul Atkins recently remarked during an interview on “Mornings with Maria” that the Trump administration’s initiative to allow 401(k) retirement accounts to tap into private market investments could significantly benefit average Americans. He emphasized that this move would provide accessible options that were previously restricted. […]
Treasury and IRS complete regulation on 401(k) catch-up contributions and its implications for higher-income earners.
kate_sept2004 | E+ | Getty Images This week, the IRS and the US Treasury wrapped up new provisional guidelines from the Safe 2.0 Act of 2022, which includes provisions for catch-up contributions for workers aged over 50 in 401(k) and other retirement plans. Starting in 2027, contributions for catch-up will change, particularly for those who […]
The Secret to a Successful 401(k)
Understanding Retirement Savings Decisions Saving for retirement involves some critical choices, like when to start, how much to save, and where to invest. Lately, investment choices have been in the spotlight, especially following an executive order from President Trump. This order calls for regulators to develop a framework that allows 401(k) plans to include alternative […]
As stocks recovered from an initial decline in 2025, 401(k) savings also increased.
Investors Reap Rewards in 401(k) Plans Despite Market Turbulence Many retirement savers avoided panicking at the start of 2025, leading to solid gains by mid-year. Having cash reserves helps retirees stay calm during stock market downturns. Fidelity Investments reports an average 401(k) balance increase of 8% in the second quarter, continuing a positive trend. Retirement […]
The implications of Goldman’s agreement with T. Rowe Price for private assets in your 401(k)
Goldman Sachs and T. Rowe Price Collaborate on 401(k) Alternatives Goldman Sachs and T. Rowe Price are teaming up to broaden access to alternative assets for those participating in 401(k) plans, marking a significant move in the industry. On Thursday, they announced their partnership aimed at providing retail investors with opportunities in the private market. […]
Reasons behind Sherwin-Williams reducing 401(k) contributions: The Wake Up for Friday, Sept. 5, 2025
The financial outlook is grim. In July, Ohio’s unemployment rate increased to 5%, up from 4.9% in June and a notable rise from 4.3% a year prior. Meanwhile, US GDP growth has dropped significantly. For the first time since April 2021, there are fewer job openings than unemployed people in July. Last month, President Trump […]
Sherwin-Williams halts 401(k) matching due to declining sales
Sherwin-Williams Temporarily Suspends 401(k) Contributions CLEVELAND, Ohio — Sherwin-Williams has decided to pause its regular contributions to the Employee 401(k) plan due to sluggish sales and economic challenges, including tariffs. In a communication obtained by Cleveland.com, CEO Heidi G. Petz explained that the decision stems from various issues. Notably, high mortgage fees have driven housing […]
A significant number of retirement savers have now become millionaires through 401(k) plans or IRAs.
Retirement Account Balances Show Recovery Retirement account balances, which experienced a dip at the start of the year due to market fluctuations, have rebounded in the second quarter, as reported by Fidelity Investments, the leading provider of 401(k) plans in the U.S. The average 401(k) balance increased by 8% from last year, reaching an unprecedented […]
AMFI suggests a Mutual Fund-Voluntary Retirement Account plan, akin to the US 401(k) scheme.
AMFI Proposes New Retirement Savings Scheme The Association of Mutual Funds in India (AMFI) has introduced a new initiative called the Mutual Fund Voluntary Retirement Account (MF-VRA). This scheme draws inspiration from the US 401(k) plan and is aimed at providing retirement products that will be managed by mutual funds, particularly for those whose employers […]
What is the average amount in a 401(k)? Retirement savings by decade
Typical Americans may not have as much saved for retirement as they think they need. People often question how their finances compare to others, especially regarding their 401(k) balances relative to age. The following table highlights the median 401(k) balances across various age groups: Age range Average 401(k) balance Median 401(k) balance 20s $97,440 $37,668 […]