The Internal Revenue Service has issued Revenue Ruling 2009-40, providing the table of covered compensation for the 2010 plan year for use in determining contributions to defined benefit plans and permitted disparity in defined contribution plan contributions.
Tag: Defined contribution
Plans in the Callan DC Index underperformed the average comparable (2030) target-date fund last quarter, and the difference in allocations to equity could explain why.
The 8th U.S. Circuit Court of Appeals has vacated a district court's dismissal of a suit alleging Wal-Mart Stores, Inc. breached its fiduciary duties to 401(k) participants by selecting investment options that charged excessive fees.
PLANSPONSOR's annual survey of defined contribution plans and ratings of providers finds, among other things, wide use of financial advisers, but also finds that the smaller your plan, the more likely you are to rely on a financial adviser.
Putnam Investments has named Alan Dumas, John Leeson, and Chris Doucet to sales posts on its defined contribution team.
SunTrust Banks has added an FDIC-insured account as an investment option for its 401(k) clients.
National Investment Managers, a nationally-based and regionally-operated retirement plan administration and investment management company, has agreed to acquire a book of approximately 500 balance-forward (not valued daily) retirement plans from Standard Retirement Services, Inc.
Employers' investment in workers’ retirement benefits, measured by benefit values as a percentage of pay, has dropped consistently over the last decade, according to research by Watson Wyatt.
A new report says that although the trend toward greater individual responsibility for retirement security will undoubtedly continue, there is much that employers, financial institutions, and the government can do to modernize their retirement policies and solutions in order to help Americans achieve a secure and dignified retirement.
Marc McDaniels joined First Mercantile's national sales team effective September 14, 2009, as regional sales director for the Northwest region.
Redefining defined contribution (DC) plans will dramatically improve outcomes for plan sponsors and participants, according to a new white paper released by Prudential Financial.
Despite the uncertain market conditions and negative headlines during the past year, most Americans who participate in employer-sponsored defined contribution plans value these plans greatly and have continued to support them.
Recently, Time magazine ran a story called “Why It's Time to Retire the 401(k).”
The Internal Revenue Service has announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010.
The Profit Sharing/401k Council of America (PSCA) found the number of sponsors offering investment advice is on the rise.
An Aon Consulting survey indicates employers are taking a wait-and-see approach before changing their retirement programs.
Forty-one percent of defined contribution assets are controlled by consultants, with the majority of these assets in large plans with more than $500 million in assets, according to Cerulli Associates.
Somewhere in the course of your professional life, you have no doubt heard (or used) the expression about what happens when you assume1.
The Hartford Financial Services Group, Inc,. has appointed J. Michael Shamburger as national sales manager for corporate retirement programs in its Retirement Plans Group (RPG).
A South Carolina hospital is restructuring its retirement savings program, including a freeze on its current defined benefit plan.