401(k)s Need You

You'll want to check up on your 401(k) to make sure that it's performing according to your expectations. That means keeping an eye on your investments' performances and potentially reassessing your asset allocation.

Your 401(k) takes work. Your administrator handles your portfolio's actual transactions and the recordkeeping and reporting, but you decide when and how to reallocate and rebalance your assets. If you check account expenses, regular account summaries, mutual fund quotations, and other resources, you have access to information that can help you keep track of—and manage—your 401(k).