Questions tagged [401k]

DigitalDuke Tue Oct 01 2024 | 6 answers 913

I understand that you're considering the possibility of cancelling your 401k plan and cashing out while still being employed. But before you make any decisions, I have to ask - are you aware of the potential consequences of such an action? Could you elaborate on your reasons for wanting to cancel your 401k? And have you considered the tax implications and penalties that come with early withdrawal? It's important to weigh all the pros and cons before making a final decision.

KpopMelody Sun Sep 29 2024 | 6 answers 1337

Hello there, I'm curious about withdrawing funds from my 401k plan. Specifically, I'm wondering if it's possible to withdraw 100% of my 401k balance? Are there any restrictions or penalties associated with doing so? Could you please explain the process and any potential consequences of withdrawing the full amount? Thank you for your time and assistance.

Maria Wed Sep 25 2024 | 0 answers 0

If you're interested in checking the fees associated with your Fidelity 401k plan, there are a few steps you can take to do so. First, you'll need to log in to your online account. From there, you should be able to navigate to the "My Account" section, where you'll find an overview of your plan. Look for a section that outlines the fees and expenses associated with your plan. This might include management fees, administrative fees, and other charges. If you have trouble finding this information, you can also reach out to Fidelity's customer service team for assistance. They should be able to provide you with a detailed breakdown of the fees associated with your plan. It's important to keep in mind that the fees associated with your 401k plan can have a significant impact on your overall retirement savings. High fees can eat into your returns and reduce the amount of money you have available to retire on. So, it's worth taking the time to understand the fees associated with your plan and to shop around for options that offer lower fees.

Martino Wed Sep 25 2024 | 5 answers 1133

Could you please elaborate on the typical 401k administration fees that investors often encounter? Are these fees standardized across different providers, or do they vary significantly? What factors might contribute to the fluctuation of these fees, and how do they impact the overall performance of a 401k plan? Additionally, are there any strategies or steps that investors can take to minimize these fees and maximize their retirement savings?

CryptoTrader Tue Sep 24 2024 | 5 answers 819

So, let me ask you this: when companies offer 401k plans to their employees, do they actually profit from doing so? It's a common belief that the main benefit lies with the employee, who gets to save and invest for their retirement, often with matching contributions from the employer. But is there a hidden financial incentive for the company itself? Are there fees or other sources of revenue that companies can tap into when offering 401k plans? Let's delve deeper and see if there's more to this question than meets the eye.