Though the recession has weakened returns and made saving harder for families, many people still aren't taking full advantage of 401(k) benefits. But is a $1 million balance possible for an employee making $35,000 a year? Perhaps.
While traditional pension plans were seen as a benefit on top of employee salary, today's employers factor 401(k) contributions into the overall salary equation.
In a move that may be a bad sign for the economy, Americans are spending more, and raiding their savings, college and retirement accounts to do so even as they take on more credit card debt.
While a succession plan can provide a safety net in the face of unforeseen events, no succession plan is completely foolproof, warns consulting firm Cutting Edge Information.
Credit Suisse may act as the lender to the employee fund, and the reduction in so-called risk-weighted assets will reduce Credit Suisses capital requirements
HealthSpring Inc. shareholders have approved the insurer's planned acquisition by larger managed care provider Cigna Corp., moving the two companies closer to completing the deal.
New York Life Retirement Plan Services announced Wednesday the availability of a new service powered by Anova Consulting Group, a financial services market research and sales training firm, that it says will help retirement plan advisors assess client satisfaction and measure themselves against peers.
The U.S. Department of Labor's Employee Benefits Security Administration, the Internal Revenue Service and the Pension Benefit Guaranty Corp. released Tuesday advance informational copies of the 2011 Form 5500 annual return/report and related instructions.
Americans are reporting concern about how financially protected their families are, according to a new survey of over 1,000 adults aged 30 and older conducted by Ipsos Public Affairs. The survey was released today and sponsored by New York Life Insurance Company.