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The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee Stock Ownership Plan (ESOP) for alleged violations of the Employee Retirement Income Security...

There might really be a difference between “dog people” and “cat people,” new research suggests.

Bank of America Merrill Lynch is introducing a tool to its 401(k) plan sponsor clients designed to monitor and score the "financial wellness" of employees enrolled in their...

Financial education provider Financial Finesse reports that employees focused more on short-term financial concerns in 2009 than on long-term savings.

MassMutual's Retirement Services Division has announced plans to introduce its new RetireSmart participant statement later this year.

More than seven-in-10 (72%) workers over the age of 60 who said they are putting off their retirement are doing so because they can’t afford to retire financially,...

Mercer reported that as of year-end 2009, nearly 70% of defined contribution participant balances have returned to levels prior to the stock market declines of 2008 and early...

Americans with a financial plan are especially likely to save their tax refund, according to the First Command Financial Behaviors Index.

Independent broker/dealer LPL Financial Corporation has promoted Derek Bruton, national sales manager, Independent Advisor Services (IAS), to managing director of the company.

A federal court has ruled that a sponsor of an employee stock ownership plan did not breach its fiduciary duties by amending the plan to force terminated employees...

Russell Investments has announced the schedule for its annual index reconstitution process, which it says will “capture and reflect the past year’s shift for equity markets globally.”

Health-care costs for retiring Americans, including nursing home care, average $260,000 and can exceed $500,000, according to research conducted by the Center for Retirement Research (CRR) at Boston...

Although Baby Boomers are typically treated as one big generation, they actually comprise three different demographic groups, according to a new study from the MetLife Mature Market Institute.

Bernie Clark, head of Charles Schwab Advisor Services, expects to continue gain more assets from the wirehouse channel, he said at an event today in New York City.

A new report from Morningstar warns those who flocked to bond funds in 2009 that even those investments aren't immune to volatility.

The Hartford Mutual Funds has launched Class I shares for two of its funds.

Yet another employer has fallen prey to the one-two punch of a sharp drop in stock price—and the sting of a 401(k) stock-drop lawsuit.

U.S. exchange-traded funds (ETFs) closed out 2009 with $785 billion in assets, up from roughly $533 billion at the end of 2008, according to Morningstar Fund Flows and...