The council plans to recommend to the DOL that if plan participants do not respond to notices or retirement distribution checks from a retirement plan, the plan sponsor should be able to put those funds in a forfeiture account.
The General Accounting Office released a report Thursday endorsing the U.S. Postal Service's idea to withdraw its retirees and current employees from the federal health plan and start its own.
U.S. employees are doing a better job of preparing for retirement, thanks at least in part to stock market gains, according to a survey by Financial Finesse.
Middle-income baby boomers are excited about retirement but concerned that they wont have enough health insurance and wont be as financially secure as they are right now.
Goldman Sachs Asset Management is purchasing Deutsche Asset & Wealth Managements stable value business, which has assets under supervision of $21.6 billion.