StoneTapert offers asset allocation services in order to assist executives in investment decisions for their 401(k) funds. Back To Top

IRA can be rolled over into a qualified retirement plan, assuming the qualified retirement plan has language permitting such rollovers. See similar questions...

Technically, 401(k) plans are profit-sharing plans. However, 401(k) plans differ in several ways from the traditional profit-sharing plan. The biggest difference is that in a profit-sharing plan, only the employer makes contributions for eligible employees in the plan. Also, under a profit-sharing plan, the employer makes all of the investment decisions for the plan and the employees do not participate directly in those decisions. See similar questions...

Yes. Current tax law (EGGTRA tax reform legislation passed in 2001 and effective beginning January 1, 2002), permits an individual under Portability provisions to transfer funds from a 401(k) plan offered by a for-profit corporation to a 403(b) plan such as the plan offered by Northwestern University and vice versa. Individuals wishing to do so should contact their investment companies. See similar questions...

Each year, the amount you can contribute to an IRA or 401(k) is governed by IRS rules. For 2006 the maximum amounts are $4,000 for an IRA and $15,500 (or 20% of annual compensation, whichever is less) for a 401(k). There are penalties for withdrawals before age 59½, as well as rules that dictate when you must begin withdrawing money. See similar questions...

Yes. You may rollover funds from a qualified retirement plan into your 401(k) Plan. You may download the 'Rollover Statement' from this website or you may contact the Fund Office. See similar questions...

Yes. If you are a client and are actively participating in your company's 401(k), 403(b) or 457 plan, we will provide guidance assisting you to choose among the available funds in your company plan without additional charge. As a quid pro quo, we ask that you consider our firm for asset management when you withdraw your assets from your plan. See similar questions...

Your 401(k) plan helps you start regular investing, and stick with it. Your contributions are automatically deducted from your salary before you receive your check. Since the money is deducted from your gross income, you will have a lower taxable income, which means you will pay less in annual taxes. The money you save will accumulate on a tax-deferred basis. This means you pay no federal or state taxes on your contributions or investment earnings until you start withdrawing money from the plan. See similar questions...

Yes. Returns have been ahead of the market indexes using such small sets of funds, but not as high as those using a much larger universe of funds. A small number of choices does not allow our system to reach its potential. Also, your available funds must be some of the top performing funds or their TIs will not appear on our web site. We suggest you find another 401(k) with more fund choices, or "roll over" your 401(k) to an IRA if possible. See similar questions...

You request a “hardship withdrawal,” which is approved by Putnam Investments in accordance with the rules of the Plan for the amount needed. Please see page 12 of the Summary Plan Description (PDF, 215K) for more information about hardship withdrawals. See similar questions...

No, it is not a new type of plan. Designated Roth contributions are a new type of contribution that can be accepted by new or existing 401(k) or 403(b) plans. This feature is permitted under a Code section added by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), effective for years beginning on or after January 1, 2006. See similar questions...

Yes, we want to help our nurses plan for the future, so we offer the best 401(k) program in the industry. k) Safe Harbor Plan Eligibility: First of the month following 90 days of employment; must be at least 21 years of age. Company Match: 100% of contributions up to the first 3% of compensation plus 50% of contributions up to the next 2% of compensation Contributions: Employee may contribute up to $13,000; Age 50 and over may contribute up to an additional $3,000. See similar questions...

A 401(k) safe harbor plan is a 401(k) plan that automatically satisfies the nondiscrimination rules for elective deferrals and matching contributions. For a 401(k) plan to be considered a safe harbor plan, employers must satisfy certain contribution, vesting, and notice requirements. See similar questions...

the name implies, a 401(k) "look-alike" plan works much like a conventional 401(k) plan. Rather than offering a traditional 401(k) retirement plan, some corporations offer their employees, typically their executives, a "look-alike" plan. Most "look-alike" plans are funded by the employer with a variable universal life insurance policy that insures the life of the employee. See similar questions...