Fidelity's 401(k) team put together a list of trends it believes will gain traction in the coming months, including higher adoption of Roth 401(k) and managed account options.
Six states account for the bulk of the unclaimed pension assets. New York had the highest number of missing participants at 6,678, with $40.33 million that remains unclaimed.
TAMPs can be offered as stand-alone products or as a platform in which financial advisors can direct clients retirement savings to different investment models for a fee.
An 87-basis-point surge in interest rates and an 11.2 percent investment gain in 2013 powered a historic year in corporate pension funded status improvement, gaining $318 billion for the year.
The Census Bureau has found that although the elderly were less likely to fall in and out of poverty during this time span, once they fell into poverty they stayed there for the entire three years of the study.
The changes were fueled by the mortgage crisis, which hindered retired individuals by reducing their ability to tap into home equity to help pay for health care or monthly bills
The military pension cuts were made to achieve $6.2 billion in savings over 10 years. This bill, if passed, would actually save the government more money, said one legislator