Blog Entries - tag: '401k traps'

5 401(k) Traps That Can Damage Your Retirement and What You Can Do About It

Posted on: November 21, 2014 10:00 am
Tags: 401k traps, Improve my 401k

In 1980, Ted Benna, an employee benefits consultant, started the first known 401(k) plan at his own employer, The Johnson Companies. Ted found an obscure provision written into law in 1978 enabling companies to help their employees save on a pre-tax basis for retirement. Over time, companies found 401(k) Plans to be

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