Many Americans who are caregivers for ailing family or friends frequently have to pay for it by tapping their retirement savings, according to a new John Hancock Life Insurance Company survey.
While the number of net transfers by 401(k) participants was equally split among fixed income and equity funds for the month of October, overall net assets moved toward equities, according the Hewitt 401(k) Index.
The National Center for Employee Ownership (NCEO) is offering a publication that includes a model employee stock ownership plan (ESOP) document to aid employers in developing their own ESOP.
A survey conducted for Putnam Investments found 15 million workers age 45 or over are providing financial support for an aging parent or adult child, and that is altering their retirement plans.
Two-thirds of America’s youngest workers say they would be “grateful″ and “optimistic″ if their employer automatically enrolled them in the company’s defined contribution plan, according to a new poll.
About a third of eligible employees stayed on the retirement savings sidelines instead of joining their workplace plan, according to new Vanguard Group data.
A joint survey from Americans for Secure Retirement (ASR) and the Latino Coalition has found that 70.9% of Hispanic adults have less than $5,000 saved for retirement.
State Street Global Advisors Inc. (SSgA) has filed papers with the Securities and Exchange Commission (SEC) signaling its intention to halt redemption fees from its international and high-yield funds beginning in 2007.
Russell Investment Group announced it has shuffled the asset allocations for its LifePoints target date funds, driven by its research that showed defined contribution plan participants can tolerate more risk.
American United Life Insurance Company (AUL) has added 25 new investment options for plan participants.
The US District Court for the Eastern District of Michigan has ruled that a plan administrator must pay a former employee $10,500 for failing to provide her with pension plan documents she requested.
The BISYS Group announced Friday that it and staff members of the US Securities and Exchange Commission (SEC) have hammered out a $25.1 million agreement in principle over the SEC investigation into company financial restatements in 2004 and 2006.
Rydex Investments has announced the launch of nine equal weight sector exchange traded funds (ETFs) based on the S&P Equal Weight Sector Indices.
WisdomTree Investments, Inc. announced Thursday that it has asked for Securities and Exchange Commission approval to register 31 new exchange-traded funds (ETFs).
Concord Equity Group Advisors has announced the release of a Wealth Management platform enhancement that automates the task of allocating a clientâ€™s assets to a wide range of investment alternatives.
Teachers as a group have better savings habits and are more likely to work with financial advisers than the general population, according to a recent study.
Employees are concerned about the effect greater benefit costs will have on their retirement savings, a survey found.
John Hancock Retirement Services has added eight target date funds and a Retirement Portfolio to its roster of investment options for 401(k) plan participants.
State Street Global Advisors (SSgA), on Tuesday announced that it had launched two international exchange-traded funds (ETFs) on the American Stock Exchange.
The average employee needs to contribute an additional $11,400 to their retirement savings – or 21.2% of pay - annually to get back on track to having a big enough nest egg for them to live on in retirement, according to the latest data from a continuing retirement savings study.