Defined Contribution

Cammack Retirement has identified nine hot trends that people on any side of a defined contribution plan should keep their eye on in the coming year and beyond.

Under existing policy, service members earn a pension for life after serving 20 years in the military. But only 17 percent do so, meaning the vast majority receive no pension whatsoever.

Drawing 32.7 percent of asset flows in retirement plans in 2014, TDFs make up 22 percent of all assets by market value in the 2015 DC Tracker. This is up from 15.7% the previous year.

Ameriprise denied wrongdoing, contending that the fees to the plan were reasonable and that the plan complied with all aspects of ERISA and that it did not commit any fiduciary breaches.

Northwestern Mutual, the nation's second-largest life insurance company, is buying LearnVest, an online financial planning start-up founded in 2009.

Costs for administering these accounts can be high and can expose plan sponsors to fiduciary liability when the expense is spread among participants who dont use them a prohibited transaction under ERISA.