Tag: 401(k)
Fidelity Says 401(k) Match is Coming Back
Fidelity reported that more than a fourth of companies that cut their 401(k) match are now reinstating the match programs as the economy shows signs of recovery.
Frequency of Education Linked to 401(k) Participation
Regular employer-sponsored retirement seminars motivate more employees to participate in and contribute to company 401(k) plans, according to a study published in Economic Inquiry.
Black & Decker Reinstates 401(k) Match
Black & Decker Corp. is restoring pay cuts and the firm’s 401(k) match, according to published reports.
Washington Times Suspends 401(k) Match
The Washington Times has told staff that it is suspending its 401(k) match.
Ga. Judge Sentences Ex-Insurance Executive for 401(k) Theft
A Georgia state court has sentenced the owner of the Hoyla Insurance Group to a five-year jail term and 15 years of probation, after his guilty plea to...
Great-West Appoints Sales Directors in New Jersey
Great-West Retirement Services announced two regional sales directors in New Jersey: Joe Carew and Laura Catalano.
Fiduciary Benchmarks Offers 401(k) Fee Benchmarking
Fiduciary Benchmarks, a 401(k) plan benchmarking firm, has compiled the data and reporting necessary to benchmark more than 98% of U.S. 401(k) plans.
401(k) Investors Exit Bonds, Equity at Same Pace
Retirement plan investors seemed of two minds in October, with asset transfers out of 401(k) plans showing equal numbers favoring equities as fixed income, according to the latest...
Offering Investment Advice is More the Norm at 401(k)s
Half of employers now offer workers outside investment advisory services, including advice, guidance, and/or managed accounts, according to Hewitt Associates.
Tribune to Terminate ESOP
In a memo to Tribune Co. employees announcing a new retirement plan, Chief Administrative Officer Gerry Spector said the company's employee stock ownership plan (ESOP) likely will be...
More Participants Increase Savings, Seek Advice
Bank of America Merrill Lynch Retirement & Benefit Plan Services' quarterly report on plan and participant activities within its proprietary 401(k) business found 60% of participants started or...
New Partnership Offers a Solution for Missing Participant Accounts
A new partnership aims to help plan sponsors, their advisers, and third-party administrators to “easily manage the accounts of terminated participants, keep their savings invested in retirement, and...
Almost Half of Departing 401(k) Participants Still Cash Out
Nearly half of workers leaving their job take a 401(k) cash distribution, a Hewitt study found.
IMHO: Conference “Calls”
As I was listening to, and participating in, panels at our Future of Asset Allocated Funds conference in California this past week, I was struck again...
Participants Accept Responsibility for Retirement Saving, But…
A new survey from J.P. Morgan finds 401(k) participants embrace the responsibility of controlling their retirement savings, but without confidence to succeed.
IMHO: “Myth” Information
Recently, Time magazine ran a story called “Why It's Time to Retire the 401(k).”
Participants Continue Tiptoeing into Equities
The Hewitt 401(k) Index for September indicated 401(k) participants continued to slowly and modestly transfer assets from fixed income investments back into equities.
JPMorgan not Liable for WaMu Retirement Plan Mismanagement
JPMorgan Chase & Co. cannot be held liable for mismanagement that may have occurred before the Federal Deposit Insurance Corp. seized Washington Mutual, Inc., a judge has ruled.
IMHO: Target Aims
Asset-allocation fund solutions have, to put it mildly, exploded on the retirement plan scene—aided in no small measure by the sanction of the Department of Labor’s final regulations...