With guaranteed pension plans virtually a thing of the past, retirement saving is increasingly being thrust upon unprepared employees. Thats why 401(k) plan providers continue to innovate their offerings employers and advisers looking for a competitive edge should take note.
Employees are much more fearful of making bad investment decisions than they are of doing nothing and missing out on a potentially good investment, leading many to invest too conservatively in their 401(k) plans.
A new TIAA-CREF survey of employee-sponsored retirement plan participants uncovers a divide in that Americans are either not familiar or dissatisfied with their investment options.
Recent behavioral finance studies have shown that most participants invest too conservatively. Helping employees understand and overcome ambiguity is a good first step toward making them better 401(k) investors.
With a divide among employer populations, a new survey meant to kick off America Saves Week finds that savings challenges remain as employees struggle to save what they can, both for their immediate needs and their eventual retirement.
Recently the U.S. Supreme Court announced that it will review Fifth Third Bancorp v. Duddenhoeffer, a case about the appropriateness of offering company stock in a 401(k) plan.
Prudential Retirement has added a new menu of Russell Investments institutional target-date portfolios to its investment offerings to DC plan sponsors.
While the intent of DOL fee disclosure regulations was to benefit retirement plan participants, results indicate there is much left to be desired. Employees have no idea what to look for or what their 401(k) fees even mean.
These measures are making it more difficult to save for old age.
Baby boomers and Generation X households improved their overall retirement income last year thanks to employer-sponsored 401(k)-type plans and gains from the financial and housing market, new data indicates.
As you consider the success of your annual 401(k) review meeting, you may wish to evaluate the services you should be receiving from your investment adviser:
As Valentines Day approaches, show a little love to employees by making your 401(k) plan more generous. According to a list of the most-generous 401(k) plans released by Brightscope, generous plans (which include the National Basketball Association) share the following traits:
AOL Inc. blamed President Barack Obamas health care law for its plan to reduce spending on contributions to employees 401(k) retirement plans.
Some 403(b) plan sponsors believe that if they are exempt from ERISA, they cannot be held accountable as an acting-fiduciary. This is a misconception.
A good 401(k) benchmarking report is more than just a comparison of investment and management fees you and your employees are paying.