The Department of Labor recently released guidance, in a question-and-answer format, on the 2009 Form 5500 Schedule C to help plan administrators and service providers comply with the new rules for reporting service provider fees and compensation.
Too often, departing employees with 401(k)s follow the Steve Miller Band's advice to "take the money and run," rather than roll over their funds to a new retirement account. Now, employers can direct them to a new, online calculator that details the high cost of cashing out.
The Pension Benefit Guaranty Corp. recently announced it is adopting a new investment strategy that should generate higher returns and offer lower risk through broader diversification.
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