A companys detailed paper trail saved it from a lawsuit and subsequent appeal by former union employees who felt they were denied promised retirement benefits, a court has ruled.
Common wisdom might suggest otherwise, but a properly managed defined contribution plans can be as cost-effective as defined benefit pension plans, according to a study by the TIAA-CREF Institute.
A high percentage of third-party administrators are very satisfied with their primary retirement service provider, according to a study by Chatham Partners, though year-over-year satisfaction ratings are flat.
Older higher education faculty are confident they will have enough money to retire comfortably, but they haven't figured out how to turn their savings into income in retirement.
Most workers who are interested in saving for retirement are covered by an employer-provided retirement plan, according to new data by the Investment Company Institute.