Hi! I want to take advantage of my company's 401(k) match but don't know how to fill out the enrollment form. (I would attach it but apparently images aren't allowed here?)
There's a section bout "pre-mixed diversified funds" and I guess I should say "2060 Retirement Date Fund" and/or the "Aggressive Risk Fund?" I have no idea about the the portfolio building block section, which includes U.S. Equity, Non-U.S. Equity, Fixed Income, and Non-Traditional Diversifying funds (and each of these has several subsections like "large cap," "stable asset," and "alternative alpha"). Finally, there's a section called "self-directed brokerage." Huh?
I don't now if this helps, but the funds will be managed by the ABA Retirement Funds Program. I intend to call them on Monday but hope to know at least a little before then.
Do you know what these things mean? And do you have suggestions for strategies?
Background:
I'm 26, make $23 per hour, and work 40 hours a week.
After a year of employment I'm eligible to enroll in my firm's 401(k) plan. My employer will match my contribution up to 4% with the contingency I contribute at least 5% of my salary. I intend to take advantage of this matched contribution.
We don't have an HR department with whom I can discuss this. We're a very small team and I'll be the first person to take advantage of my employer's contribution.
Thanks!
Submitted October 12, 2018 at 10:37PM by aamousa https://ift.tt/2OSrKIy
