At a Senate subcommittee hearing on the nation's retirement crisis, lawmakers begin to consider a mix of possible reforms.

Two-thirds of nonprofit organizations are preparing for a mass exodus of retiring baby boomers over the next five years.

Vanguards Target Retirement Fund product manager Matt Brancato talked about industry research that has shed doubt on target-date funds by pointing out that equities have delivered a higher rate of return than bonds over time.

Employees identify lower cost (compared with purchasing benefits on their own) and choice as strong advantages of voluntary benefits.

EBRIs report builds on an earlier modeling analysis, using a stylized final average DB accrual of 1.5 percent of final compensation per year of participation, to compute the retirement income at age 65, across a range of tenure and income factors.

Cash and security holdings totaled $3.06 trillion in the third quarter this year, a 4 percent increase from $2.94 trillion in the second quarter of 2013.

Larger plans lead the continued transformation of defined contribution plans, but the survey did find that changes are taking place at a modest rate among smaller ones.

The organizations analysis shows that fund performance is a much less powerful variable compared with higher deferral rates and asset allocation.