Nearly a quarter of the Roth accounts receiving contributions were owned by people between the ages of 25 and 34 compared to just 8.9 percent of this generation that contributes to a traditional IRA.
The federal goverment is attempting to recover $4.9 million for defined benefit plan participants of an Iowa iron casting foundry and a Michigan manufacturer.
The SPARK Institute has asked the U.S. Department of Labor for an extension of the deadline when retirement plan sponsors are required to provide participant fee and investment disclosure materials to participants.