Retirement

Although U.S. workers on a whole are more satisfied with their current financial situation than in years past, most (58%) remain concerned about financial stability in retirement and say they plan to continue working until age 70 or later, a new Towers Watson survey shows.

Commentary: The deadline for discrimination testing has come and gone. If your clients are like many employers, they didn’t do so well.

Commentary: Employer group waiver plans provide a solution for the struggling public sector

While a flurry of recent, presidential-level focus on America’s retirement system might be a good opportunity for dialog on its shortfalls, those in the retirement industry fear that a new era of potential tax grabs is on the horizon.

A new analysis of the 100 largest corporate pension plans finds that retirement coffers bounced back in 2013, reaching record funded-status levels and cutting away at pension deficits that have plagued them since 2008’s financial collapse.

Commentary: Ever-changing interpretations of government regulations have resulted in employers being out of compliance with certain rules and not even knowing it.

Being a retirement plan fiduciary carries a heavy weight and lots of responsibility. Breaches of such responsibilities can result in both civil and criminal action, though the latter is rare and usually the result of egregious behavior. Fortunately, retirement plan sponsors have a growing menu of options to help them manage their fiduciary obligations and offset some of their legal liabilities.

Retirement confidence among Americans regained some of the losses reported over the past five years – where approximately 18% are very confident and 37% are somewhat confident with the future financial needs – according to a new survey from the Employee Benefit Research Institute.

Both the Financial Industry Regulatory Authority and Dr. Nouriel Roubini, famed economist (also known as Dr. Doom) and a professor at New York University’s Stern School of Business, recently expressed unflattering opinions relative to the crypto-currency bitcoin.

Novant Health violated ERISA when it allowed its Retirement Plus Plan to pay millions of dollars in excessive fees to third-party service providers, including the plan’s broker, a class action lawsuit filed Wednesday by current and former Novant employees claims.