Broker Check

Help Employees Understand Their 401KS

January 18, 2023

As a plan sponsor, your company is responsible for meeting minimum employee-education and plan notice requirements. That’s done easily enough; the informational mailings that plan providers send to participants typically suffice. But bullet points of information just aren’t enough, considering how important it is for employees to manage their investments successfully. 

Employees need the ability to ask follow-up questions to truly understand complex topics. The best way to facilitate that? Through in-person conversations between employees and a knowledgeable professional.

Help employees understand their 401(k)s and get the full value from this important benefit. Please reach out if you’d like to schedule employees in an educational setting. 

Distributions from traditional employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty.