While the contribution limits remain the same at $18,000, you can expect more automation and more regulation for your 401(k) plan in 2017.
Here’s what’s coming for the new year:
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More auto-enrollment: Many companies will implement automatic enrollment into the 401(k) plan for new hires. Auto enrollment dramatically increases participation because people are less likely to opt out than they are to opt in.
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Stronger digital presence for 401(k): More companies will focus on the tech approach to retirement accounts. Money Intel can bring an automated 401(k) to your company!
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Government policy designed to put your interests first: The Fiduciary Rule will require all advisors to act in the best interest of their clients when it comes to their retirement accounts.
Read more here:
http://www.marketwatch.com/story/how-401k-plans-will-change-in-2017-2016-12-02
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