Byline: Sara Hansard WASHINGTON - New default options that the Department of Labor will likely approve for 401k investments will have a "significant'' impact on the way mutual fund assets are invested, independent fund directors were t Byline:...
Byline: Lisa Shidler Most Americans are focused on Labor Day this week, but some in the financial services industry are trying to spotlight 401k Day on Friday. The Sept. 8 holiday marks the 11th annual celebration...
“Contract employee” is another way of describing “work portfolio,” a term coined by Irish author and philosopher Charles Handy in his 1989 book The Age of Unreason. Envisioning a new work structure, Handy contended that many professionals were increasingly likely to have not one career with one or two organizations...
Employers that now use money-market and stable-value funds as the default investment vehicle for workers automatically enrolled in their 401k plans might have to move to more aggressive instruments if a regulation proposed by the Department of Labor (DOEmployers that now use money-market and stable-value funds as the default investment...
As exchange-traded funds become increasingly popular with investors (ETF assets increased from $65.6 billion in 2000 to $422.6 billion in 2006), many retirement investment firms are pushing to increase ETF investment in the arena of 401k plans, where mutual funds have long been king. Many of the...
Byline: Liz Skinner WASHINGTON - Lured by the siren's call of international and emerging markets, more investors are taking increasing risks with their retirement funds. Americans moved about $575 million within their 401k retirement ...
WASHINGTON, Aug. 4 /U.S. Newswire/ -- The Pension Protection Act of 2006, when signed into law by the president, will make major progress in expanding personal retirement savings by making it easier for workers to save in 401k plans and increasing theirWASHINGTON, Aug. 4 /U.S. Newswire/ -- The Pension Protection...
Survey: 14% of sponsors to drop DB MINNEAPOLIS - Fourteen percent of employers plan to replace their defined benefit pension plan with a defined contribution plan, 13% plan to freeze their defined benefit plan and 5% plan to terminate their define Survey: 14%...
Byline: JERRY GEISEL The move of companies away from defined benefit pension plans is continuing, with three more U.S. employers saying that they are phasing out such plans and beefing up their 401k plans. Last week, property/casualty insurer Byline: JERRY...
Byline: Lisa Shidler CHICAGO - Lincoln Financial Group is closely investigating the possibility of including guaranteed-income annuities inside its 401k plans, following the recent creation of similar products, as the industry scrambles to Byline: Lisa Shidler ...
Byline: HARRIET TRAMER Internal Revenue Service changes that recently went into effect boosted the amount employees can contribute to their 401k plans and raised the "catch-up'' contributions, or supplemental sums, that people older than 50 Byline: HARRIET TRAMER Internal Revenue...
Byline: John Churchill Tom is one of Merrill Lynch's top brokers. He has more than a $1 billion in assets under management. But Tom not his real name has been living with a dark secret, which explains the need to conceal his...
The 401k Studio announced a new service that delivers cutting-edge investment content tailored to account holders of the Ford Motor Company 401k Retirement Plan. With corporate retirement plans getting more complicated and professional advice often costing thousands of dollars, this new service delivers an innovative approach to managing 401k assets.
Byline: Sara Hansard WASHINGTON - Not only is the latest alliance between a mutual fund giant and a firm providing independent investment advice likely to affect chances that federal investment-advice legislation is approved, but some adviser Byline: Sara...
Byline: Paul Schott Stevens "Will we be fair to future generations?'' That was the question posed recently by Federal Reserve Board Chairman Ben S. Bernanke in a speech to The Economic Club of Washington about the...
Fidelity testing 401k auto step-up Fidelity Investments wants to push the automated 401k plan into new territory with a feature that automatically steps up older employees' contributions to take advantage of the higher savings limit avail Fidelity testing...
Byline: Lisa Shidler CHICAGO - When employees switch jobs, many withdraw money from 401k plans to pay down credit card debt or buy automobiles, rather than roll the funds into another retirement account, according to a recent study. ...
Byline: Lisa Shidler Fidelity Investments' annual study of 401k plans found that the average account balance of active participants climbed 13% to $72,000 in 2005. The seventh edition of Fidelity's "Building Futures'' report anal ...
WASHINGTON, April 20 /U.S. Newswire -- The U. S. Department of Labor today announced the publication of final rules and a class exemption that allow financial institutions to take responsibility for abandoned 401k plans and distribute the plans' assets WASHINGTON, April 20 /U.S. Newswire -- The U. S. Department of...
Byline: Sara Hansard WASHINGTON - Congress is beginning to refocus its retirement savings policy-making efforts on finding ways to help Americans of modest means save for retirement, as well as trying to help people get better returns from th ...
