DC Plans, IRAs Imply Economic Advantage
Households without employer-sponsored defined contribution (DC) plans or individual retirement accounts (IRA) had lower incomes and paid less taxes than peers with access to such plans, a study...
Tag: 401(k)
Firm Compliance Tool to Cover 401(k)s
Compliancedashboard has expanded its interactive software to cover an employer’s compliance obligations when sponsoring a 401(k) plan.
John Hancock Unveils TPA Partnership Program
John Hancock Retirement Plan Services (RPS) announced the John Hancock Partnership Program.
Industries with the Best 401(k) Plans
A ranking from BrightScope, Inc. indicates companies in the law industry have the best 401(k) retirement plans.
Sponsor Strategies vs. Plan Realities
A recent J.P. Morgan survey found significant gaps between plan sponsors’ intentions and the reality of how plan strategies actually unfold.
Nationwide Adds Retirement Plan Product
Retirement Innovator Advantage is a small-plan 401(k) product that features a simplified product menu, tools and support, as well as a built-in fiduciary service.
Putnam Looks to Amp Up Worker Savings
Participants say day-to-day expenses stand in the way of retirement savings, and Putnam Investments is responding with access to financial wellness services.
Employees Banned from Trading Some Funds
A recent news report from Reuters revealed that T. Rowe Price Group Inc. permanently banned about 1,300 American Airlines employees from trading among its funds in their 401(k)...
Company Stock Hurting the Bottom Line?
Research from Morningstar suggests holding significant amounts of employer stock in 401(k) plans is bad for companies’ bottom lines.
ABG Unveils 3(38) Service Offering
ABG Investment Services Inc. (ABGIS) rolled out The (k)Series, a 3(38) service offering of fund menus that combines simple choices and educated decisions for advisers.
Many Lack Confidence to Manage Retirement Savings
Most employees accept responsibility for financing retirement and rely on 401(k)s to get there, but many lack confidence in their ability to manage their retirement accounts effectively.
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Retirement Reality
Americans’ lack of foresight on 401(k) savings—and what advisers can do to ramp it up
Participant Demographics Vary by Plan Type
Participant demographics and behavior vary by plan type, an analysis shows.
How to Help Loan Takers
An analysis from New York Life found the average contribution rate for participants who have taken loans from their 401(k) plans is 5.63%, compared with 7.23% for participants...
Loan Takers Save Less
An analysis from New York Life Retirement Plan Services shows 401(k) plan participants who take out loans have lower savings rates.
DATAIR Offers Cash Balance/401(k) Combo Plans
The Illinois-based DATAIR Employee Benefit Systems, Inc., has released a new suite of software, training and support services for consultants and administrators of 401(k) plans.
BofA Re-emphasizes Retirement in Unit Merge
The institutional, personal retirement and preferred segment solutions teams are being folded into one organization at Bank of America, and named retirement and personal wealth solutions.