Archive for March, 2014

Employers: How does your plan compare?

Sunday, March 23rd, 2014

The good news is that the Participant Deferral Rate rose slightly year on year.

The average participation rate in 401(k) plans was 88% at the end of 2012, according to the 56th Annual Survey of Profit Sharing and 401(k) Plans by the Plan Sponsor Council of America (PSCA). The rate is defined as the average percentage of eligible employees who had a balance in the plan, as the average number of investment choices offered to participants remained at 19 across all employer plans.

The year before the rate was 86%. An average of nearly 81% of eligible employees made contributions to the plan in 2012. The average participant pre-tax deferral rate was 6.8%, compared to 6.4% the year before.  Here are some highlights:


Saving for College 101: It’s a lot easier course when you take it today

Thursday, March 6th, 2014

Good news is that college expenses show signs of leveling off but that’s hardly a reason to hold off on planning for the inevitable costs down the road

Your kid’s college may be years away but the old adage of “They grow up so fast!” holds especially true when planning for the event in the context of your retirement goals.  Here is a list of 7 tips that can lessen to the blow:

Get your retirement in order first – Your kids will have access to more sources of college money than you will once you stop working, so make sure you’re on the right path for your own retirement before you set aside money for college. (more…)