It's important to make the most of your retirement plan. If you move jobs, you should compare how your old 401(k) plan compares with an IRA or your new company 401K.
The numbers on ESOPs are way, way off. There are about 10,500 ESOPs covering about 12.7 million participants. You may be looking just at IRS determination letters for the year, but they had a hold on issuing these for quite a while and, even in a normal year, their reporting system for them is way, way off. The DOL provide more accurate data, on which our numbers are based.
For details, see http://www.nceo.org/main/article.php/id/2/.
Corey Rosenof CA12:51PM March 18, 2011
Good stuff. This is a positive sign that over 1 million more people gained the ability to participate in a 401(k) last year. Learn more at www.erollover.com
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SIMON AND COREY ARE OUT of KY 3:49PM March 27, 2011
Simon Napper of CA 5:39AM March 19, 2011
Corey Rosen of CA 12:51PM March 18, 2011
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