What options should I expect to find in my 401(k) plan?
401(k) plans generally give investors about 20-30 different investment options, chosen by the employer that sponsors the plan. You can expect to see a mix of target date funds and mutual funds covering US stocks, international stocks, and bonds.
Why is it important to know which investment options I have in my 401(k) plan?
You’ve diligently invested in yourself and in your future by putting money away into your 401(k), so make sure that money is working as hard as you are! It’s important to evaluate your investment options to make sure you’re invested in ones that align with your unique financial situation and retirement goals. After reviewing your investment options, you might want to make some changes. If so, check out our step-by-step guides to find out how to make changes to your 401(k) portfolio.