CHICAGO, Aug 30, 2001 Morningstar.com, http://www.morningstar.com, a leading investment information Web site, will celebrate nationally recognized 401(k) Day, Tuesday, Sept. 4, 2001, with a range of articles that tout the benefits of investing in employer-sponsored retirement plans.
First introduced in 1981 as benefits offered through employers, 401(k) plans have become the way millions of Americans save for retirement. Today, more than 325,000 plans serve more than 42 million Americans, according to a report by Cerulli Associates. The average 401(k) account balance amounted to $58,774 at the end of 2000, writes the Employee Benefit Research Institute.
"It's vital that investors understand the importance 401(k) plans play in retirement," said Sue Stevens, Morningstar's director of financial planning. "Consider that the average account balance amounts to more than $58,000--a sum too large to ignore for people planning their retirement. The articles we've highlighted for 401(k) Day are designed for all types of investors, to help them consider, and act upon, their retirement plans."
The special 401(k) Day section will appear on the Morningstar.com homepage and will include feature articles covering the following topics:
- Frequently asked questions on 401(k) plans
- Income worksheet that helps investors plan how much they can spend in retirement
- Six steps to making the most out of a 401(k) plan
- Tips for avoiding the biggest 401(k) mistakes
- Access to Morningstar® ClearFuture®, an online 401(k) planning service that provides specific investment advice for 401(k) plans in the context of investors' overall retirement savings
To go to this special section, click here:
"The Retirement area of our Web site provides information and tools throughout the year, but 401(k) Day is a special time for people to focus on how they need to invest in order to enjoy retirement," said Stevens, who also writes the regular column, "Improving Your Retirement" that appears each Thursday on this section of Morningstar.com.
About Morningstar, Inc.
Chicago-based Morningstar, Inc. is a leading provider of independent investment information. Morningstar offers an extensive line of print, software, and Internet-based products and services for individuals, financial advisors, institutions, and the media. The company is the trusted source for investment information, data, and analysis of stocks, mutual funds, exchange-traded funds, closed-end funds, and variable annuity/life subaccounts.
Morningstar.com is listed among the top investing sites by publications such as The Wall Street Journal, Barron's, SmartMoney, Money, Worth, and U.S. News & World Report. Morningstar provides investment information for a number of leading Web sites, including Microsoft MoneyCentral, Quicken.com, America Online, Yahoo! Finance, and Netscape Personal Finance.