Defined contribution plan sponsors are evaluating their current target-date funds and considering whether or not custom TDFs are a better option.

Plan sponsors need to take action to retain their robust funding, while at the same time recognizing that funded status is a key influencer in decision-making going forward.

The rule amendment, which was first proposed in 2010, would require marketing materials for target-date retirement funds to include a table, chart or graph depicting the funds asset allocation over time or its glide path.

The Pension Benefit Guaranty Corp. announced a proposal this week that would make it easier for 401(k) plan participants to get higher returns and secure lifetime income by moving their funds into traditional pensions.

Financial literacy has become a priority for corporations, multiemployer trust funds and public-sector employers in both the U.S. and Canada, according to a survey by the International Foundation of Employee Benefit Plans.

Lu replaces deputy secretary Seth Harris, who held the position since 2009.

The company added more than 1,500 plans with $50 million in assets or less, an increase of 7 percent over the prior years sales

Solid market returns drove nationwide growth in 401(k) balances last year, though not every state enjoyed the same level of success, according to a study by Judy Diamond Associates.