Did You Know?

Did you know the 401(k) plan is named after its section in the Internal Revenue Code?

Section 401(k) is the location in the IRC that defines the aspects of the plan.

Did you know the 401(k) has been around for over 25 years?

Amended to the Internal Revenue Code in 1978, the 401(k) was originally intended for executives.

Did you know 1 in 5 women over 40 do not receive(or plan to receive) retirement benefits?

Only 1 in 3 women receive benefits over the age of 65.

Did you know the majority of workers take the lump sum of their 401(k) when they switch jobs

Although employees are given the option of rolling over their benefits to the new company, most choose to receive the money instead.

Did you know most Americans plan to work past 65?

Americans feel that they have not saved enough money by age 65 and elect to continue working past the traditional retirement age of 65.

Did you know the average American spends 18 years in retirement?

Take this into account when paying into your 401(k). Prepare by saving up approximately 20 years of retirement income.