Workers offered 401(k) plans exhibit more proactive retirement savings behaviors, demonstrate higher levels of knowledge about retirement investing, and are more confident in their ability to retire comfortably, according to new research from the non-profit Transamerica Center for Retirement Studies.
Tag: Defined contribution
A study prepared for the U.S. Small Business Administration (SBA) found that nearly 72% of workers in small companies have no retirement plan available.
Collective trust funds (CTFs) are experiencing a renewed interest over the last few years in the defined contribution landscape, according to the latest retirement-focused research from Cerulli Associates.
Throughout much of the 2009 market rally, activity as measured by fund flows within the Callan DC Index, was above average as participants sought to increase their exposure to risky assets.
Bank of America Merrill Lynch is introducing a tool to its 401(k) plan sponsor clients designed to monitor and score the "financial wellness" of employees enrolled in their plans.
Retirement Management Systems, Inc., said it launched an asset management program to help advisers manage the 401(k) assets of their clients.
The labor-force participation rate is increasing for Americans ages 55 and older as they are faced with higher health costs and economic losses, according to a study published by the Employee Benefit Research Institute (EBRI).
Fidelity Investments' 401(k) highlights from 2009 showed that many participants recouped much of their losses from 2008.
A study affirms the idea that defined contribution (DC) plans could end up with differing plan design features and results depending on the choice of service providers such as recordkeepers or investment consultants.
Mercer’s fourth-quarter 2009 Defined Contribution Universe Summary found gains in all equity markets during the period.
The West Virginia Senate's Pensions Committee is discussing a plan to have the state set up retirement accounts for employees of small businesses.
Rates of return for defined benefit (DB) pension plans outpaced those for defined contribution (DC) plans, including 401(k) plans, in 2007 and 2008, according to a new analysis by Towers Watson.
Goldman Sachs Asset Management (GSAM) announced that Bill McDermott has joined GSAM as Head of the Institutional Defined Contribution business.
J.P. Morgan Asset Management has combined all of its defined contribution investment-only (DCIO) specialist resources into a single unit, DC Investment Solutions.
A federal judge in Illinois has turned away allegations by 401(k) participants at Kraft Foods Global that recordkeeping fees paid to Hewitt Associates were too high and the company stock fund was improperly unitized.
More than half (52%) of respondents to a Towers Watson survey said the percentage of their employees working past their desired retirement age is higher than it was before the financial crisis.
Ascensus has bolstered its sales force with an additional Regional Vice President, Josh Haynes, who will focus on the company’s "Rocky Mountain" territory.
MassMutual's Retirement Services Division released data indicating that participants in its retirement plans are taking a calmer, longer-term approach to their retirement saving plans.
Most Americans (58%) said they have a gap in their retirement savings, according to a recent survey.
Putnam Investments has introduced a new online tool and Web site to help retirement plan participants determine how much monthly retirement income their savings will allow for.