Tag: 401(k)

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.

Mutual of Omaha Retirement Plans Division appointed Seth Friedman as 401(k) national sales director.

In contrast to the majority of months in 2011, the net direction of 401(k) participants’ transfers in January 2012 returned to equities.

Bank of America will freeze its pension plans for eligible employees, effective July 1, 2012.

Seventy-three percent of Americans ages 18 to 34 do not currently invest in retirement accounts such as a 401(k) or IRA. 

Fifty-three percent of U.S. small-business owners many not have the retirement plan that best fits their needs.

The National Institute of Pension Administrators (NIPA) is expanding its TPA Business Owner Resources to include the 401(k) Sales Champion Workshop.

Mutual of Omaha appointed John Corrieri as vice president of the company’s 401(k) product and distribution.

Great-West Retirement Services appointed Troy Testa as regional sales director for Michigan.

 Initiatives in President Barack Obama’s budget proposal would impact retirement savings for some workers. 

The current tax treatment of 401(k) plans costs the U.S. Department of Treasury between $50 and $70 billion per year, says a recent analysis.

 An employer breached his fiduciary duties under the Employee Retirement Income Security Act (ERISA) by failing to honor a former employee’s rollover distribution request.   

Financial advisory firm Guardian Capital Advisors, LLC, released a podcast about 401(k) planning for companies.

Less than half (45%) of young investors plan to contribute to an Individual Retirement Account (IRA) for the 2011 tax year.

Great-West Retirement Services appointed Cheney Hunt as regional sales director for San Diego, California.  

 The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...

Retirement plan sponsors who conduct marketplace reviews with finals presentations are 55% more likely to remain with their current provider today than they were as recently as four...

Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it is important for plan advisers to understand how the final ruling impacts them.  

A growing number of New York City residents don’t have enough money to retire, according to a new study.