Tag: 401(k)

Standard Retirement Services, Inc. launched two enhanced retirement plan websites. 

Assets in target-date funds (TDFs) grew to $380 billion by year-end 2011 and are targeted to reach $1.1 trillion in 2016.  

A federal court decided that a waiver of benefits can be enforced through a direct suit against a named beneficiary after benefits have been paid.

The Hartford is pursuing the sale of, or other strategic alternatives, for its Retirement Plans business.

An analysis of proposals to change the tax treatment of 401(k)s indicates a negative impact on participant accounts.

Castle Rock Innovations, LLC (CRI) is offering tools that focus on benchmarking fees and services.

An analysis of Fidelity-administered accounts reveals how much more retirement savings are accumulated for investors with both an individual retirement account (IRA) and 401(k).

In 2011, 18% of Vanguard retirement plan participants held extreme asset allocations—10% with only equities and 8% with no equities.

BMO Institutional Trust Services initiated a Retirement Readiness program to help employers better prepare employees for retirement.

Suffolk County (New York) prosecutors say a Long Island CEO looted his employees' retirement accounts and bought expensive cars with the money.

IRAmarket.com launched a service to help reduce the paperwork for 401(k) rollovers to IRAs.

Only 39% of investors between the ages of 21 and 50 are confident that they will have enough money for retirement.

A federal court dismissed a 401(k) plan participant’s claims that plan fiduciaries inappropriately selected plan funds and allowed excessive fees.

 The Government Accountability Office (GAO) recommends the formation of an interagency task force to coordinate existing research, education and outreach efforts to foster small-employer retirement plan sponsorship.   

Kraft Foods Global agreed to pay $9.5 million to settle a lawsuit over excessive fees for its 401(k) plan investments.

M&I Institutional Trust Services (M&I) introduced RightTrack, a suite of education and advice tools for 401(k) plan participants.  

John Hancock Financial Network’s (JHFN) adviser support team launched customized adviser 401(k) sales training.

Retirement planning was by far the most popular financial topic among employees in 2011, according to an analysis by Financial Finesse.

Informa Investment Solutions (Informa) launched RetireIQ.  

Ary Rosenbaum, a New York-based Employee Retirement Income Security Act (ERISA) attorney, is introducing a new 401(k) plan for small- to mid-sized employers.