Are You Satisfied With Your 401(k) Plan?
New Capital now offers Guideline’s 401(k) plans to clients for their businesses. Guideline has low administrative costs, offers low-cost mutual funds from Vanguard and Dimensional Fund Advisors, and provides a modern technology portal for account viewing and plan administration. We ourselves use a Guideline 401(k) plan at New Capital and appreciate its benefits.
If you are interested in exploring a new 401(k) plan for your business or in changing your current 401(k) plan provider, please contact Catherine Bahr at cbahr@newcapitalmgmt.com.
Below is Guideline’s “State of Retirement Planning for Small Businesses.”
The State of Retirement Planning for Small Businesses
While the pandemic has certainly brought in waves of economic uncertainty, the fears that plagued retirement savings during the 2008 recession haven’t manifested in any major hesitation to save over the last two years.
We took a look at our data and found that Guideline users have increased their 401(k) contribution levels since 2019, indicating a push for long-term stability. And not only is the amount of active participants growing, but the rate of growth is accelerating as well.
Here are just a few other trends we spotted over the course of the pandemic:
