A new report by the Investment Company Institute found that of the workers who have a desire to save for retirement, three-quarters had access to a pension plan through their own or their spouses employer, and 93 percent of those with access participated.
A reduction in tax incentives for 401(k) plans would have a negative effect on retirement security because it would discourage savings and reduce the number of employers offering plans, according to a new report by The Principal.
Plan sponsors are increasingly looking for investment advisors who can shoulder some of the fiduciary burden related to offering employee retirement plans. More frequently they are turning to companies that offer fiduciary coverage under section 3(21)(A) of the Employee Retirement Income Security Act.
J.P. Morgan Asset Management is simplifying its 401(k) plan menu. The company announced it is replacing its traditional menu of investment choices it offers to defined contribution plans and replacing it with a simplified menu of three investment portfolios: one consisting of diversified stock strategies, one with diversified bond strategies...
Despite numerous stories and hearings on the topic, new fee disclosure regulations in the 401(k) retirement plan system could cause some angst among plan sponsors and plan participants.
The IRS and the Department of Treasury are requesting comments on possible standards for determining if a retirement plan is a governmental plan under section 414(d) of the Internal Revenue Code.
The Principal announced this week that it is rolling out revised materials with fee disclosures for its plan sponsors ahead of the U.S. Department of Labors fee disclosure deadline of April 1, 2012.
The Milliman 100 Pension Funding Index, which tracks 100 of the nations largest defined benefit pension plans, released a report showing that these plans experienced a $42 billion improvement in funded status in October. The improvement came on the heels of the second-worst financial quarter on record, in which the...