401k Planning » 401k Timeline http://www.401kplanning.org 401k Planning tips and help Sat, 19 Jun 2010 23:49:33 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Pension Protection Act of 2006 Encourages 401k Savings http://www.401kplanning.org/pension-protection-act-of-2006-encourages-401k-savings/ http://www.401kplanning.org/pension-protection-act-of-2006-encourages-401k-savings/#comments Thu, 17 Aug 2006 19:28:33 +0000 admin http://www.401kplanning.org/?p=1563 The Pension Protection Act (PPA) of 2006 further promoted retirement savings and 401k plan participation. Among its many provisions, the Act made EGTRRA pension rule changes permanent and made some of the rules governing pension plans more flexible. For example,the PPA encourages employers to automatically enroll employees in their 401k plans and allows employers to offer appropriate default investments. These measures seek to increase participation in 401k plans and facilitate the best use of these plans’ options by workers.1

Notes:
  1. Source: Investment Company Institute, 401k Plans: A 25-Year Retrospective
]]> http://www.401kplanning.org/pension-protection-act-of-2006-encourages-401k-savings/feed/ 0 401k Assets Reach $2.4 Trillion http://www.401kplanning.org/2005-401k-facts-figures/ http://www.401kplanning.org/2005-401k-facts-figures/#comments Thu, 30 Jun 2005 20:05:11 +0000 admin http://www.401kplanning.org/?p=1567 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 436,207
  2. Active 401k Participants: 54,623,000
  3. Total 401k Assets: $2.396 trillion
  4. 401k Contributions: $223.5 billion
  5. 401k Benefit Payments: $189.8 billion
]]> http://www.401kplanning.org/2005-401k-facts-figures/feed/ 0 401k Assets Reach $2.2 Trillion http://www.401kplanning.org/2004-401k-assets-reach-2-4-trillion/ http://www.401kplanning.org/2004-401k-assets-reach-2-4-trillion/#comments Wed, 30 Jun 2004 22:44:20 +0000 admin http://www.401kplanning.org/?p=1604 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 418,553
  2. Active 401k Participants: 53,100,000
  3. Total 401k Assets: $2.19 trillion
  4. 401k Contributions: $203.9 billion
  5. 401k Benefit Payments: $166.7 billion
]]> http://www.401kplanning.org/2004-401k-assets-reach-2-4-trillion/feed/ 0 401k Assets Reach $1.9 Trillion http://www.401kplanning.org/2003-401k-facts-figures/ http://www.401kplanning.org/2003-401k-facts-figures/#comments Mon, 30 Jun 2003 20:23:08 +0000 admin http://www.401kplanning.org/?p=1573 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 403,638
  2. Active 401k Participants: 43,624,000
  3. Total 401k Assets: $1.92 trillion
  4. 401k Contributions: $186.7 billion
  5. 401k Benefit Payments: $141.4 billion
]]> http://www.401kplanning.org/2003-401k-facts-figures/feed/ 0 401k Assets Fall to $1.6 Trillion http://www.401kplanning.org/2002-facts-figures-401k-assets-fall-to-1-6-trillion/ http://www.401kplanning.org/2002-facts-figures-401k-assets-fall-to-1-6-trillion/#comments Sun, 30 Jun 2002 20:42:41 +0000 admin http://www.401kplanning.org/?p=1579 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 388,204
  2. Active 401k Participants: 43,158,000
  3. Total 401k Assets: $1.57 trillion
  4. 401k Contributions: $181.7 billion
  5. 401k Benefit Payments: $146.9 billion
]]> http://www.401kplanning.org/2002-facts-figures-401k-assets-fall-to-1-6-trillion/feed/ 0 401k Assets at $1.68 Trillion http://www.401kplanning.org/2001-facts-figures-401k-assets-reach-2-4-trillion/ http://www.401kplanning.org/2001-facts-figures-401k-assets-reach-2-4-trillion/#comments Sat, 30 Jun 2001 20:50:42 +0000 admin http://www.401kplanning.org/?p=1582 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 366,568
  2. Active 401k Participants: 41,962,000
  3. Total 401k Assets: $1.68 trillion
  4. 401k Contributions: $174.4 billion
  5. 401k Benefit Payments: $147.6 billion
]]> http://www.401kplanning.org/2001-facts-figures-401k-assets-reach-2-4-trillion/feed/ 0 EGTRA Loosens 401k Restrictions and Creates Roth 401k http://www.401kplanning.org/egtra-loosens-401k-restrictions-and-creates-roth-401k/ http://www.401kplanning.org/egtra-loosens-401k-restrictions-and-creates-roth-401k/#comments Thu, 07 Jun 2001 19:19:39 +0000 admin http://www.401kplanning.org/?p=1561 The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) took another step to spur saving through 401k and other DC plans. EGTRRA increased the annual DC plan contribution limits and specified that, after 2006, maximum annual deferral amounts would be indexed to inflation.

In addition, the restrictions placed on employee deferrals were loosened as the limit on pre-tax contributions was increased and additional “catch-up” contributions were allowed for employees age 50 and older. With the goal of preserving retirement accounts even when job changes occur, EGTRRA increased the opportunities for rollovers among various savings vehicles (401k plans,403b plans, 457 plans, and IRAs). In addition, EGTRRA permitted 401k plans to offer a “Roth” feature for aftertax contributions. 1

Notes:
  1. Source: Investment Company Institute, 401k Plans: A 25-Year Retrospective
]]> http://www.401kplanning.org/egtra-loosens-401k-restrictions-and-creates-roth-401k/feed/ 0 401k Assets at $1.7 Trillion http://www.401kplanning.org/401k-assets-at-1-7-trillion/ http://www.401kplanning.org/401k-assets-at-1-7-trillion/#comments Sat, 01 Jul 2000 02:17:32 +0000 admin http://www.401kplanning.org/?p=1665 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 348,053
  2. Active 401k Participants: 39,847,000
  3. Total 401k Assets: $1.72 trillion
  4. 401k Contributions: $169.24 billion
  5. 401k Benefit Payments: $172.2 billion
]]> http://www.401kplanning.org/401k-assets-at-1-7-trillion/feed/ 0 401k Assets Reach $1.8 Trillion http://www.401kplanning.org/1999-facts-figures-401k-assets-reach-2-4-trillion/ http://www.401kplanning.org/1999-facts-figures-401k-assets-reach-2-4-trillion/#comments Wed, 30 Jun 1999 21:03:45 +0000 admin http://www.401kplanning.org/?p=1588 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 335,121
  2. Active 401k Participants: 38,619,000
  3. Total 401k Assets: $1.79 trillion
  4. 401k Contributions: $151.9 billion
  5. 401k Benefit Payments: $145.9 billion
]]> http://www.401kplanning.org/1999-facts-figures-401k-assets-reach-2-4-trillion/feed/ 0 401k Assets $1.5 Trillion http://www.401kplanning.org/401k-assets-1-5-trillion/ http://www.401kplanning.org/401k-assets-1-5-trillion/#comments Tue, 30 Jun 1998 14:26:19 +0000 admin http://www.401kplanning.org/?p=1682 401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

  1. Number of 401k Plans: 300,593
  2. Active 401k Participants: 36,846,000
  3. Total 401k Assets: $1.54 trillion
  4. 401k Contributions: $134.7 billion
  5. 401k Benefit Payments: $120.7 billion
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