Changes to your 401(k) statement

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Changes to your 401(k) statement

In addition to receiving specific investment advice, you may also start seeing some changes to your 401(k) statement.

In the past plan sponsors were required to provide your statement on an annual basis. The new rules say you’re entitled to a copy every quarter.

What’s more, your statement may offer some additional investing guidance from your employer, such as a reminder not to concentrate your plan assets too heavily in any one stock or industry, including your own company’s stock.

Likewise, your statement may recommend that you invest enough to take advantage of the full company match that your employer may add as a percentage of your contribution. Your employer might include other investing tips too, such as a reminder to rebalance periodically, or adjust the investments in your portfolio to keep your actual asset allocation in line with the allocation you intend to have.

© 2008 by the SIFMA Foundation for Investor Education and Lightbulb Press, Inc.