Gain a solid understanding of the 401(k) plan’s features, benefits, and rules so that you can explain these issues to your employees and answer their questions about the plan. By the time the session is over, you will be able to identify benefits of participating in a 401(k); understand investment options; explain the plan’s rules; answer questions; and help employees make informed choices.
Why “How to Explain the 401(k) to Your Employees” Matters:
401(k)s are an essential part of a comfortable retirement. They also provide other benefits during working years, such as tax savings, tuition loans, and funding for hardship situations. Your employees are likely to have a lot of questions about how the 401(k) works and how they can make their money grow. This training session will provide you with information that you can use to explain the 401(k) to employees.
- The 401(k) can be an excellent way for employees to save for retirement.
- Employees should realize that they are totally responsible for the growth of their investments.
- They need to learn as much as possible about the plan and the investments they make.
- To reduce risks, wise investors diversify their 401(k) portfolios.