Category: 401k plan

Tucking Money Away For Retirement

Steve Hulett / February 29, 2016

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I’ll be racing around doing 401(k) enrollment meetings for the next month or two, so kindly note this: … The median household approaching retirement has a nest egg of between $10,000 and $20,000. This number is drawn down significantly because 41% of these households have no retirement savings whatsoever. … That doesn’t necessarily mean these…

Retirement Investing — Seven Difficulties

Steve Hulett / July 31, 2015

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Since I’m diving into new 401(k) enrollment meetings, here are seven human frailties that impede our ability to make good decisions generally … and especially about money. 1. Connecting Correlation with Causation. 2. Confusing Luck and Skill. 3. We *love* shiny objects. We *love* shiny objects … often to our detriment. 4. We’re lousy at…

Latest TAG 401(k) Plan Numbers

Steve Hulett / April 30, 2015

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The Animation Guild 401(k) Plan is celebrating its 20th birthday, and has reached robust adulthood. The stats: * Total Plan assets: $235,742,099 * Average balance: $93,585 * Total contributions in 2014: $7,715,289 * Total number of Plan participants: 2,519 * 88% of assets reside in Target Date Funds. The TAG 401(k) Plan offers participants over…

Catching Up

Steve Hulett / March 23, 2015

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401(k) enrollment time again, so here’s your new motivator: According to the Center for Retirement Research at Boston College, the average retirement savings for households nearing retirement — those with head of households aged 55-64—is about $110,000. That means more than half of today’s households won’t have enough retirement income to maintain their pre-retirement standard…

Changes To Target Date Funds (TAG 401K)

Steve Hulett / March 6, 2015

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The Vanguard Target Date Funds, which most Animation Guild 401(k) participants are using, will be changing their investment lineups in coming months. Right now, the Target Date Funds stock allocations are invested 70% in Total U.S. Stock Market and 30% in International Stocks. By the end of 2015, that will change to 60% U.S. stocks…

The TAG 401(k) Plan

Steve Hulett / February 3, 2015

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The Animation Guild’s 401(k) Plan quarterly trustee meeting took place on Monday; herewith useful factoids for participants: Total Plan Assets 1st Quarter 2014 — $213,826,678 4th Quarter 2014 — $230,542,543 Average Participant Balance 1st Quarter 2014 — $87,778 4th Quarter 2014 — $92,476 Total Participants 2,493 The trustees met on Monday afternoon where they discussed…

TAG 401(k) News

Armando Estrada / November 3, 2014

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So I was in a long Animation Guild 401(k) Plan trustee meeting today, and we now have some newer bells and train whistles which will be rolled out in coming months.

TAG 401(k) Plan

Steve Kaplan / October 31, 2014

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A brief update on TAG’s 401(k) Plan for participants and/or interested parties. Plan assets total $221,022,647. $209,957,503 is in Vanguard funds. $11,065,144 is in non-Vanguard funds. There are 2,476 participant accounts. Fees for the Plan total .19% (19 basis points) of assets.