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Tag Archives: 401(k)

Hit by the virus and weighing a raid on your 401(k)? Beware

Many Americans are struggling financially due to the coronavirus. A recent federal relief package makes it easier for people financially harmed by the coronavirus outbreak to tap into their retirement savings for cash by loosening rules for withdrawals and loans. But should ...

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401(k)s hit records as workers sock away more, stocks jump

How’s your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like 90 percent or 95 percent. The average 401(k) did indeed hit a record last year, although its growth was ...

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401(k)s hit records as workers sock away more, stocks jump

How’s your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like 90 percent or 95 percent. The average 401(k) did indeed hit a record last year, although its growth was ...

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$55 million, 12 years, 2 appeals and a 401(k) plan

After more than 12 years of litigation, a trial marked by tragedy, a sizeable bench judgment and two trips to the federal appeals court, a $55 million settlement is bringing an end to a path-breaking class-action lawsuit involving a St. Louis company’s 401(k) plan.

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Judge OKs settlement over NovaStar 401(k)

A federal judge gave preliminary approval last week to a $925,000 settlement in a class action lawsuit against Kansas City firm NovaStar Financial. The lawsuit claimed violations of the Employee Retirement Income Security Act and encompasses a class of people ...

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Help Millennials look to the future with retirement plans

Many employers use their 401(k) plans to attract and retain qualified employees, however the plans are failing to engage the interest of employees just entering the labor market – the Millennials, or workers born after 1979. In order for 401(k) ...

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401(k): Is suspending a match the right thing to do?

“Eastman Kodak Suspends 401(k) Match” was a headline in December, when the company announced its latest plan to cut its losses and restore profitability. It seems that every month a corporation announces that it plans to cut losses by suspending ...

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