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.

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...

A 401(k) plan is a type of retirement plan offered by an employer under section 401(k) of the Internal Revenue Code. A 403(b) plan is a somewhat different type of retirement plan, which has many of the same features of a 401(k). Since Duke is a tax-exempt, non-profit organization and educational institution we can offer a 403(b) plan. See similar questions...

You can generally move the vested portion of your account from one type of plan to another as long as the new plan accepts rollovers. Your after-tax contributions are only transferable between similar plans (for example, from a 403(b) plan to 403(b) plan), and you must move your money directly between plans. See similar questions...

Basically, the 401(k) is a tax-deferred retirement plan for private sector employees, while the 403(b) is a retirement plan of educational and certain non-profit organizations. See similar questions...

Unfortunately we were not able to include supplemental retirement account (403(b) and/or 457) information on this year’s statement. We hope to include this information in the future. If currently enrolled, questions may be referred to company: http://www.ohio.edu/hr/benefits/retirement/sra_providers.cfm See similar questions...

Yes. If your employer(s) offer both a 403(b) and a 401(k), you may contribute to both. However, your aggregate contributions may not exceed the elective deferral limit. In 2005, this limits your total contribution to $14,000. If you are age 50 or older at any time during the year, your contribution limit increases to $18,000. See similar questions...

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

Named after IRS code 457, a 457(b) plan is a non-qualified deferred compensation plan for states, counties, cities, agencies, and their political subdivisions or agencies. Deferred compensation is a contractual agreement between an organization and an employee wherein the organization makes an unsecured promise to defer the compensation of the employee to some future date for services currently performed by the employee. See similar questions...

with your plan administrator for the details and availability of the loan and the repayment provisions. The mortgage lender will need to know the amount owed, repayment term and monthly payment. See similar questions...

Under the 1997 Taxpayer Relief Act, first-time homeowners can withdraw up to $10,000 penalty free from an individual retirement account (IRA) or 401(k) for a down payment to purchase a principal residence (though you might have to pay income tax on the amount withdrawn.) Borrowing against your 401(k) offers several advantages: This $10,000 is a lifetime limit -- and the money must be used within 120 days of the date you receive it. See similar questions...