According to a USA Today article, a majority of 401(k) plan participants are unhappy with the selection of mutual funds and investment groups in which their employer’s 401(k) plan offers them. Many participants try to rollover their monies into a personal IRA account, however, plan sponsors and participants should be aware that rolling over retirement savings into a personal IRA isn’t feasible unless a participant changes employers or retires early. In order to retain skilled employees, plan sponsors should consider the type of plan they offer their employees as well as the type of investments available within the plan.

To help achieve long-term security in retirement, a participant benefits from a well-balanced and diversified investment line-up. To ensure your 401(k) plan offers an extensive range of investment options for your employees, you should periodically review your investment choices with your plan provider.

 

As a retirement plan provider, NADART offers a broad range of well-diversified investment funds, including 27 different investment options for participants to choose from, including Target Dated Funds. Through their online NADART retirement account, participants have access to complimentary investment guidance, allowing them the opportunity to approach their retirement savings with an educated strategy and goal. Attract and retain the best employees for your business by providing them with a 401(k) plan that they’ll be happy to invest in. Contact a NADART representative today at 1-800-4NADART (462-3278), ext. 7254 or e-mail nadart401k@nada.org.