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Retirement savers invested in equity mutual funds in 401(k) plans paid an average of 0.58 percent in fees last year, down from 0.63 percent in 2012.

Some health care experts believe reference pricing, the strategy used to help the California Public Employees Retirement System save about 30 percent of their costs, is a potential solution to the out-of-control health care spending in the U.S.

Investors will have access to public price information in the $1.5 trillion market for privately-sold corporate bonds beginning today.

Robert Reynolds, who built the industrys biggest 401(k) business while at Fidelity Investments, is seeking a reprise.

SEC Chair Mary Jo White suggested the U.S. Financial Stability Oversight Council seek industry expertise before designating a financial institution as systemically important.

The Republican senator from Florida says the future of retirement in America is very much in doubt.

Senate bill S.1225, sponsored by democratic state Sen. Benjamin Downing, is being considered in the chambers Joint Committee on Public Service.

Several of the biggest names in the 401(k) industry received rating changes in April. Blackrock Capital Aggregation fund was upgraded to Bronze from neutral. Diamond Hill small-cap fund was upgraded to gold from silver.