Bolstered by the highest fixed annuity sales since the second quarter of 2009, industrywide annuity sales reached $57.5 billion during the third quarter of 2013, according to data from Morningstar, Inc. and Beacon Research.
Some 45% of workers in the new survey who found retirement income estimates less than very helpful say they did not understand the calculations behind the projections or were not confident in their accuracy, according to LIMRA.
The present status of the retirement system does not bode well for the retirement system, or for baby boomers who have or will be reaching retirement age from 2012 to 2030.
Half of employees age 50 and up say they would make major sacrifices that could affect their own retirement to help family members, finds a recent survey.
From active trading to company matches, here are some common misconceptions and the reality your employees may have about their 401(k) plans.
A recent report that the largest mutual fund in the world is now a stock fund, rather than an intermediate-term bond fund, could signal the great rotation once just a theory is underway.
Reasonable cost, high participation rates and a broad investment fund line-up contribute to the success of a 401(k) plan but other factors are important too.
The most common match is now $1.00 per $1.00 on the first 6% of employee deferrals, with 19% of employers reporting this formula, up from 10% in 2011.
Phyllis Borzi, assistant secretary of labor with the Department of Labors EBSA division, told attendees at Tuesdays annual ASPPA conference in Washington that the last stages of finalizing Labors conflict of interest rulings are indeed underway.
Eighty percent of people think they're better-than-average investors. Here are five reasons why, and three ways employers can help plan participants overcome their investing challenges.
Congress, faced with a borrowing deadline of midnight, considers sweeping deals that could impact retirement plans, Obamacare and, it almost goes with saying, economic stability and market security in general.
When I present employee education sessions, employees often ask me what they should be doing in their 401(k) plan. Here's what I tell them.
Most 401(k) plans offer a money market fund which may be the most popular fund in the plan. Traditionally a place to seek refuge when the markets become stormy, money market funds may be altered significantly as a result of Securities and Exchange Commission reforms.
The lesson for plan sponsors, one expert says, is to use an outside third-party advice provider for retirement plan advice.
Caution workers against promises of easy money.