Retirement Advisor

U.S. retirement plan providers are challenged with record cost troubles, and many are dropping offered benefits or looking to rebalance funding between employers and employees, according to a new BNY Mellon Asset Servicing study.

Only 12 percent of working Americans eligible for a retirement savings contributions tax credit are aware that this credit exists.

"After spending a significant amount of time reacting to market conditions, the faltering economy, and grappling with new legislation and regulations, plan sponsors are returning their focus to improving their DC plans."

In 2011, Americans face some changes to their income and benefits where a sense of urgency can be a good opportunity to better their finances.

Here's the scenario: You meet with someone new to you. Let's say you visit a prospect at his office. Our experience is that you have ...

of the 14.8 percent of companies that suspended matching contributions in the last three years in the last three years, 39.3 percent have restored them and 37.8 percent are planning to restore them within the next six months.

Retirees still require a large savings to cover out-of-pocket health expenses in retirement, despite the reduced retirement health costs the new health reform law brings, according to a nonpartisan Employee Benefit Research Institute report.

Based on a new Profit Sharing/401k Council of America survey, 403(b) plan sponsors took significant steps toward managing their plans for the last three years, even in this down economy and new regulations.