Posts Tagged ‘401(k)’

Our Notions on Investing – Getting a Little Banged Up?

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Expert Perspective by Grahall’s OmniMedia Editorial Board
 
Graham Browley writes in his August 21, 2010 article for the New York Times
(In Striking Shift, Small Investors Flee Stock Market) that  “The notion that stocks tend to be safe and profitable investments over time seems to have been dented in much the same way that a decline in home values and in job stability the last few years has altered Americans’ sense of financial security.” 

This recession has been unusually deep, with unemployment remaining stubbornly high as companies lay off workers and jobs move overseas to cheaper labor markets.  It’s not your “grandmother’s recession” (of the 1960s) or even your “mother’s recession” (of the 1980’s) for that matter.   In this one, the marked difference is that, from the late 1980s on, more and more Americans became investors in the stock market through their 401(k) plans. 
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Companies Plan to Reinstate 401(k) Matches

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Published in The Wall Street Journal October 22, 2009 by Jillian Mincer

 
Many businesses are quietly restoring plans to match a portion of their employees’ 401(k) contributions.
About half of the companies that suspended matches will be restoring them in 2010, says Byron Beebe, U.S. retirement market leader at Hewitt Associates.
The majority of employers never expected to make the suspension permanent, says Mr. Beebe. Already, some big companies, including American Express Co. and Motorola Inc., have announced that they would reinstate suspended matches in 2010.

Link to full article

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Squeeze on Pay, Benefits May Crimp Recovery

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Published in the Wall Street Journal August 1, 2009  by Conor Dougherty

The economy may be on the cusp of a recovery, but workers may not be anxious to step up spending, in part because employers are keeping a lid on salaries and benefits.

Link to full article.

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Employers cutting back 401(k) plans

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Published in Yahoo News, June 22,  2009 by Reuters 

A quarter of U.S. employers have eliminated matching contributions to employee 401(k) retirement plans since September to save money amid the economy’s downturn, according to research released on Monday.

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What It Really Means to Have Only a 401(k) Plan for Your Retirement

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expert perspective telescopeExpert Perspective from Grahall’s Michael Dennis Graham.

The SHRM article titled “Milestone: Most Fortune 100 Firms Offer Only 401(k)s to Salaried New Hires“, shares that for the first time more than half (that would be 55) of the Fortune 100 companies offer only 401(k) plans to newly hired salaried workers.  The only thing that surprises us about this statistic is how long it was in coming.  401(k) plans grew in popularity with employees (well, at least until account balance growth slowed, stopped and then reversed) and were popular with companies looking to avoid the balance sheet implications of pension plans.  It’s been over 25 years now since section 401(k) was added to the internal revenue code and changed the relationship between workers and organizations, ultimately giving employees responsibility for their own retirement.
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Milestone: Most Fortune 100 Firms Offer Only 401(k)s to Salaried New Hires

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Published by SHRM May 15, 2009

For the first time, the majority of Fortune 100 companies (the 100 largest U.S. corporations ranked by gross revenue) are offering new salaried employees only a defined contribution (DC) plan, such as a 401(k), according to an analysis by HR consultancy Watson Wyatt.

Link to full article.

Read Grahall’s Michael Dennis Graham’s Expert Perspective on this subject.

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Employers’ Recession Concerns Increased From Six Months Ago

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Published in World at Work, May 15, 2009

 The threat level employers feel now regarding the world’s financial crisis is significantly more serious than it was six months ago, according to a follow-up survey by the International Foundation of Employee Benefit Plans (IFEBP).

Link to full article.

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Falling Account Values Erode Confidence of 401(k) Investors

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Published in SHRM April 14, 2009 by Stephen Miller

The economic downturn of 2008-’09 has eroded the retirement confidence of 401(k) participants severely.

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401k Plans are Easy to Fix: Use A Hammer

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expert perspective telescopeExpert Perepsective by Grahall’s Robert Cirkiel

In the December 13, 2008 article by Anne Tergesen (journalist for The Wall Street Journal), published in the in the Wall Street Journal the author suggests that “[t]he financial meltdown has fueled a call to change – or replace – [401k] retirement accounts.”

Well here’s my thinking. I say, Start Over!!!


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