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401K Investment AdvisorIf you're sick of rummaging around for 401K Investment Advisor help, then your in luck! This page is loaded down with explanations on how 401k's work plus there are all kinds of tips, tricks and questions asked most often you can go over and hopefully learn from. We hope you find this page to be helpful and informative for you! Choosing the right retirement program can be a bit overwhelming if you don't know what to look for, so we've set this page up with as much 401 k information as we could get for you and made sure it's helpful to you. Here you go... Reason why 401(k)s are a good idea: Your money can go with you, job to job 401K Investment Advisor Tips: Next there are regulations for highly compensated employees. What are these? Well, when the 401(k) rules were being formulated, the government was afraid that executives might make the 401(k) plan at their company very advantageous to themselves, but without allowing the rank-and-file employees those same benefits. The only way to make sure that the plan would be beneficial to ordinary employees as well as those "highly compensated," the law-writers decided, was to make sure that the executives had an incentive to make the plan desirable for those ordinary employees. What this means is that employees who are defined as "highly compensated" within the company (as guided by the regulations) may not be allowed to save at the maximum rates. As of 2005, the IRC defines "highly compensated" as income in excess of $95,000; alternately, the company can make a determination that only the top 20% of employees are considered highly compensated. Therefore, the implementation of the "highly compensated employee" regulations varies with the company, and only your benefits department can tell you if you are affected. Terms - Definitions: Summary Annual Report (SAR): The SAR is a recap of
the financial activity that occurred in the 401(k) during the plan year. The SAR must be
distributed to each participant and beneficiary with in nine months after the close of the
plan year. --- Important 401(k) Rules: 401k Rules Regarding Loans: -- 401 k explained:
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