Boomers face hidden danger in 401(k) plans
Some baby boomers are carrying too much risk in their retirement portfolios because of the stock markets rapid rise over the past five years.
Paula Gladych
Freelance writer
Retirement savings shortfalls becoming state problem
While states are starting to realize they need to step up and help private sector employers better prepare their employees for retirement, Americans continue to fall short in meeting their economic needs in retirement.
Employers out of touch with employee perception of benefits
Workplace benefit plans are key part of employees future financial success but the majority of employers dont think their employees value the benefits that are offered.
BLS data highlights retirement disparities between public, private sectors
While a majority of both public and private employees have access to retirement plans, new research points to major differences in the number of those who actually participate.
Financial advisers engender savings discipline
U.S. working adults who seek the help of an adviser are more likely to describe themselves as savers and have less debt than those without an adviser.
Regular monitoring keeps 401(k) fees in check
Fee disclosure rules may have helped bring 401(k) fees down, but plan sponsors can still do more to ensure they and their employees arent paying too much.
Comment period closes on DOL fiduciary rule
Many believe the DOL has gone about its fiduciary rule-making in the wrong way and fear the rules, as proposed, will do more harm than good.
IRA account balances increasing
Traditional IRA investors showed little reaction to the economic downturn in 2007.
Senate report calls attention to womens retirement needs
Women over the age of 65 are twice as likely as men to live in poverty in retirement because of lower wages, more time spent out of the workforce and lack of access to retirement savings plans.
Obama looks to states on retirement readiness
President Obama this week asked the Department of Labor to propose a set of rules by the end of the year that would provide a clear path forward for states to create retirement savings programs.
IRS curtails lump-sum payouts in DB plans
The Internal Revenue Service and the Treasury Department have thrown a wrench into the pension de-risking plans of many corporations with new regulations aiming to eliminate the lump-sum payout option for retirees who already are receiving retirement benefits from their defined benefit plans.
Boomers unrealistic about post-retirement work
As the baby boom generation approaches retirement, employers will need to ask themselves what role a highly experienced, part-time workforce can play in their organization.
10 common fiduciary errors
Failure to identify all retirement plan fiduciaries is just one common mistake employers make that can lead to trouble.
Retirement assets on the rise
Retirement assets in the U.S. jumped to nearly $25 trillion in the first quarter of 2015, a 1.3% jump from $24.6 trillion at the end of the year.
403(b) plan sponsors committed to employer match
Not only are 403(b) retirement plans diversified, but the average cost of offering them is slowly decreasing.
Fidelity service connects plan sponsors, third-party fiduciaries
Plan sponsors can choose from three outside providers: Mesirow Financial, Morningstar Associates and Wilshire Associates.
Gen Y wants safe savings options, yet unfamiliar with annuities
Student loan debt and jobs that dont offer 401(k) plans put added pressure on retirement savings for millennial workers.
Acquisition expands OneAmericas retirement services business
OneAmerica announces plans to buy BMO Financial Groups Milwaukee-based U.S. retirement services business.
Financial stress remains, despite improving economy
Women more likely than men to take advantage of workplace financial wellness programs, yet still experience more financial stress than men.
Funded status of local, state pensions rises slightly
The funded status of local and state pension plans rose slightly from 72% in 2013 to 74% in 2014, in part driven by a rising stock market over the past five years.