tag:blogger.com,1999:blog-38606399.post1801472231692006146..comments2023-09-23T00:38:53.296-07:00Comments on Money and Such: New 401K Plan & FeaturesUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-38606399.post-48939398707247786932007-07-03T19:55:00.000-07:002007-07-03T19:55:00.000-07:00Wow, what I would give to have an RRSP(401K) like ...Wow, what I would give to have an RRSP(401K) like that. We're extremely limited in our choices where I work. We have only 13 funds available and of those 5 of them are Guaranteed income 1, 2, 3, 4, and 5 year (CD's for those not in canada, we call them GICs in Canada.). Three more are called the 'LifePlan', which are actually just preset mixtures of the remaining 5. Then we have what's left which is 5 funds:<BR/>1) A fixed Income Fund (I think my Grandma would like it)<BR/>2) A Money Market Account (Hmmm, I could open a high yield savings account)<BR/>3) A 'Balanced' Fund - Balancing doesn't mean 36% in bonds on my scales. <BR/>4) Canadian Equity Fund<BR/>5) Global Equity Fund<BR/><BR/>It's near pathetic, I can't complain too much with a 6% match I suppose. Free money is free money no matter which way you slice it. So far I just have it split up 60/40 in the Canadian and Global Equity, I sure wish we had the plans that you are offering though. <BR/><BR/>I think this may inspire me to write a suggestion letter to the Benefits Specialist tomorrow.Anonymousnoreply@blogger.com