401(k) Participant Transfer Activity Low in July
Average net transfer activity remained very low among defined contribution (DC) plan participants in July.
Tag: 401(k)
Retirement Plan Training Available for Plan Sponsors
The Retirement Advisor University (TRAU), a collaboration with UCLA Anderson School of Management Executive Education, has formed The Plan Sponsor University (TPSU).
Employers Adding Features to Boost Participation, Savings
A growing number of employers are providing their employees with 401(k) plan features to help drive positive plan participation and encourage savings.
Wells Fargo Sees Increase in Participant Loans
Wells Fargo Retirement has seen a 10% year-on-year uptick in the number of loans.
Participants Deferring Less Than 10% at Risk in Retirement
Households that defer less than 10% of their salary for retirement savings are at risk for not meeting their retirement goals, Putnam Investments’ research found.
IRS to Hold Forum About Correcting 401(k) Plan Mistakes
The Internal Revenue Service (IRS) announced a retirement plans phone forum, “EPCRS: Correction of 401(k) Plan Mistakes,” for September 7.
Dummies Give Retirement Advice in Video
What do crash test dummies talk about when they’re not crash-testing vehicles? Apparently they share tips on saving for a secure retirement.
SCI Companies Enhances 401(k) Solutions
SCI Companies enhanced its 401(k) solutions in an effort to increase participation rates for its clients.
Firm Rolls Out 401(k) Loan Protection Campaign
Custodia Financial launched Protect My 401(k) Loan, a campaign to raise awareness of 401(k) involuntary loan defaults, and introduce a solution.
Sentinel Launches App for Checking Benefit Balances
Sentinel Benefits & Financial Group (SBFG) released a mobile application that enables employees to verify their retirement plan and reimbursement account balances.
Cerulli Predicts More Use of Custom TDFs in Large 401(k)s
A study of the large and mega defined contribution (DC) plan marketplace projects assets of custom target-date funds (TDFs) will reach $218 billion by 2016.
IRA Financial Group Unveils 401(k) Recordkeeping Service
Targeted at small businesses, 401KAdministrationServices.com provides specialized full-service 401(k) plan recordkeeping services.
OneAmerica Teams with Edward Jones
More than 12,000 Edward Jones advisers can offer OneAmerica’s 401(k) and 403(b) plans, the companies said in an announcement about the new alliance.
Gen Y Most Properly Allocated 401(k) Participants
A higher selection rate of target-date funds makes Gen Y 401(k) participants (those born between 1979 and 1991) the most properly allocated, Fidelity found.
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Average 401(k) Balance Jumps 8%
Fidelity Investments reported its average 401(k) balance rose to $74,600 at the end of the first quarter, up 8% from the end of fourth-quarter 2011.
401(k) Loans Spike in Summer
The summer brings higher temperatures—and according to benchmarking data from Charles Schwab, it also brings a higher rate of 401(k) loans.
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Closing the Gap
How do plan sponsors and participants address a lack of retirement savings?
Cash Balance Plan Growth Outpacing Other Plan Designs
Kravitz’ 2012 National Cash Balance Research Report indicates a 21% annual increase in new cash balance plans, almost double the previous year's 11% growth rate.
DC Participants Want to Save More, Need Education and Help
Employees across the United States are willing to save more for retirement and report that there is room in their budgets to do so.
Lincoln Trust Acquires Benefit Solutions
Lincoln Trust Co. has acquired Benefit Solutions Corp., a 401(k) recordkeeper and third-party administrator (TPA).