The U.S. Department of Labor obtained a court order appointing an independent fiduciary to manage the abandoned 401(k) plan of Worldwide Trade Resources Inc.
Aspiriant is reaching out to affluent investors through an animated feature on its website. The feature guides visitors through the questions and information they should consider before selecting a financial advisor.
Although those nearing retirement did suffer losses from the Great Recession of 2007 to 2009, most of the losses were in housing wealth, according to a new report by the University of Michigan Retirement Research Center.
The Plan Sponsor Council of Americas 2012 403(b) survey found that more plans offered automatic enrollment in 2011 compared to 2010 and nearly half offered target-date funds as their default investment option.
Nevin Adams was named director of the American Savings Education Council, a program of the nonpartisan Employee Benefit Research Institute, as part of his responsibilities as director of education and external relations at EBRI.
Fee disclosure regulations that go into effect in July and August will come as a surprise to many plan sponsors, especially small and medium-sized companies, even though the regulations have been discussed for years.