The Markets

The average asset manager experienced a 23% drop in assets under management in 2008, according to a new survey of defined contribution investment-only (DCIO) executives by Sway Research...

Atlanta Convention&Visitors Bureau announced Friday it will cut contributions to employee 401(k) and profit-sharing plans for the year to make up for an expected $600,000 shortfall of revenue...

Harrah's Entertainment last week revealed that the company will suspend matching employees' 401(k) contributions.

The Baton Rouge Advocate newspaper has temporarily stopped contributing to its employees’ retirement 401(k) plan.

The New York Daily News has suspended its 401(k) match.

Lake Forest, Illinois-based auto parts manufacturer Tenneco Inc. has suspended its 401(k) match for 2009.

Mutual fund assets worldwide decreased 12.1% to $21.66 trillion at the end of the third quarter of 2008, according to the Investment Company Institute (ICI).

January was a relatively quiet month with regard to participant transfer activities, according to the results of the Hewitt 401(k) Index.

Dallas-based 7-Eleven Inc. said it is cutting 200 positions and suspending contributions to employees’ 401(k) accounts to minimize future job losses.

Las Vegas-based newspaper company Stephens Media LLC has suspended its 40(k) match to save money because of the bad economy.

Like a number of other companies, Eddie Bauer has announced it is suspending its 401(k) match contributions for 2009 to cut costs.

Newspaper chain McClatchy joins the ranks of other struggling media companies by suspending its 401(k) match.

The fourth quarter of 2008 was not a good time for equity investors, according to the latest Mercer 2008 Defined Contribution Universe Summary data.

Huntington Bancshares has announced actions it will take to get on more sound financial footing, including cutting company match contributions to its 401(k) plan.

Las Vegas resort company Wynn Resorts has joined the legions of employers suspending their 401(k) match.

The St. Petersburg Times has joined the ranks of newspapers freezing pay and suspending 401(k) plan company match contributions.

An Arkansas hospital company has trimmed its 401(k) match as part of a general cost-cutting effort.

UPS has become the latest employer to pull back on its 401(k) match.

Department store retailer Macy’s Inc. joined the growing list of employers slashing their 401(k) match to save money in the difficult economic environment.

Nearly half of Americans own an individual retirement account (IRA), though the odds are that those accounts were funded by an employer-sponsored retirement account.