SunGard Financial Systems announced Wednesday that retirement plan administrators Noble-Davis Consulting and Alliance Benefit Group of Michigan have gone live on SunGards WealthStation MyRetirement income analysis tool.

New workers will have the option of choosing a 401(k) plan or a hybrid plan in which one third with will be a 401(k) and two-thirds will be a traditional pension.

South Dakota topped the list of best states to retire, thanks to its low taxes, lack of crime and easy access to quality healthcare.

While the number of Americans who play to rely on a 401(k) as a major source of retirement is rising, it has still not reached the level it was at before the Great Recession.

More than half, 53 percent, of financial advisors' clients are between 50 and 70 years old.

While more than 40 states have enacted some type of pension reform since 2011, some are still in dire straits, bringing the net pension liability into the trillions.

Last year has shown a move towards an even greater domination of the market by a few insurers. Rothesay Lifes recent announcement of its planned acquisition of MetLife appears to compound this effect further.

Some 160 health and pension plan customer service representatives and support staff have voted to authorize a strike against the Associated Third Party Administrators unless the company offers a viable union pension plan.