Understanding Your Plan

Publications and Resources

401(k) Fee Disclosure Form. ACLI, working with the American Bankers Association and the Investment Company Institute, developed a 401(k) Fee Disclosure Form designed to assist companies in making informed cost-benefit decisions when selecting 401(k) service providers.

If your employer sponsors a defined contribution plan, such as a 401(k), your retirement benefit is based on the sum of contributions made plus the amount earned over the years from invested contributions. You, your employer, or both may make contributions. Some questions to ask might include:

• What are the eligibility requirements?
• When do employer contributions become vested?
• How do I roll over my benefits into a new plan or an IRA if I leave my job?
• Can benefits be withdrawn before retirement? Are there penalties for early withdrawal?
• Can I borrow from my plan?
• What are my investment options?
• How are plan expenses allocated between my employer and my account?