A retired doctor and six others are alleging Novants plan saw a more than 10-fold increase in fees over three years and contains costly investment choices.
Employers are squeezing their workers retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules.
BrightScope has ranked the top 25 companies in the United States with the highest ranked 401(k) plans containing more than $100 million in assets in the finance and insurance sector.
Immediate eligibility and immediate vesting of a company match were among the trademarks of the top 401(k) plans in the nation, as well as costs averaging 0.29 percent.
If supposedly educated mainstream reporters can't see through the fog of marketing, how can everyday investors know the difference between advice and advocacy?
Workplace flexibility allows employees to reach their work and life responsibilities as well as help employers compete in todays global marketplace, said Henry G. Jackson, the president and CEO of the Society for Human Resource Management, in a statement to Congress.
The Southwest Airlines Pilots Retirement Savings Plan took the top spot in BrightScopes Year-End Top 30 Ratings List covering 401(k) plans with more than $1 billion in assets. The Southwest plan bumped The Savings Plan of Saudi Arabian Oil Company to the number 2 spot after it held the...