With such a wide range of opinions about how much money employees need to save for retirement estimates vary from eight to 25 times final pay it can be hard for participants to know what to aim for.
While American employees appreciate having a 401(k) plan, the majority will likely spend more time planning for a new car purchase or vacation than researching their plans investment options.
HighTower has recruited newly formed 401(k) practice Fiduciary Plan Advisors to its network platform.
The U.S. Securities and Exchange Commission recently adopted amendments to the rules that govern money market mutual funds. Two of the changes could affect how you manage your 401(k) plan.
Commentary: Retirement specialist John Ludwig reviews the consequences of an employers failure to make timely deposits to a participants retirement account.
Corporate pension plan sponsors posted a median 4% return in the second quarter, thanks in part to their U.S. equity allocations.
We all know how markets have traded most of the time since the 2008 crash. One day everything is moving up in value, the next everything is falling. But things are changing.
Commentary: Benefit adequacy is a recently-coined catch phrase among the retirement industry, and with good reason. Many individuals have not saved enough to pay for the costs of health in retirement, let alone broader retirement income needs.
Benefit plan documents should be reviewed regularly with the plans third-party administrator. While a plans TPA can assist employers in meeting regulatory requirements, it is important to define the roles and responsibilities of the plan sponsor, who is ultimately responsible for implementing plan policies and procedures.
The expanded role of target-date funds has contributed to increased participation in 401(k) plans, highlighting a retirement plan strategy benefit advisers should be sharing with their employer clients.
From fees and features to funds and fiduciaries, there's lots to consider when reviewing your 401(k) plan.
Globally, defined-benefit retirement plans are becoming a thing of the past and defined-contribution plans more widely accepted as the preferred alternative, a trend that could spur inquiries from international employer clients.
Making the choice between TPAs serving as 3(16) fiduciaries or going with retirement planning advice in a 3(21) or 3(38) can help make financial management of a 401(k) plan go more smoothly.
Employment education sessions are a critical way to get plan participants more involved in the personal choices they need to make to maximize their retirement account returns.
Retirement plan sponsors can do their due diligence on the good (and bad) of the financial advisers they work with by using tools such as FINRA's BrokerCheck.