Nearly half of large employers plan to add or replace funds in their 401(k) plans in the next 12 months, according to a newly released study.
Financial advisers favor the 401(k) fee breakdowns that would be required in the Fair Disclosure for Retirement Security Act, which was approved April 16 by a 25-19 party-line vote of the House Education and Labor Committee, even though that stance is at odds with the position taken by the mutual fund and brokerage industries.
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With the economy deteriorating and prices for gas and heating fuel skyrocketing, consumers who are seeking new sources of cash are increasingly jeopardizing their retirement income by taking out loans from their retirement plans.
Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
Guaranteed Income for Life lets clients to put some of their 401(k) assets into at least one of the firm's lifestyle funds.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
Financial advisers and clients can be their own worst enemies when drafting plans for retirement income, making common — but crucial — errors that can ruin distribution plans, according to an influential academic.
The Dept. of Labor is backing 401(k) participants in an appeal of the dismissal of a class action filed against Deere & Co. and Fidelity Investments.
MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
The bill is expected to pass the House by summer, but will not make it through the Senate, lawyer James Delaplane said.
Most advisers are clueless about important tax rules that impact individual retirement accounts, CPA Ed Slott said.
A full 93% of plan sponsors said they are solicited at least once a year by other advisers, according to a Fidelity study.
In the weeks following a ground-breaking Supreme Court case allowing individual 401(k) participants to sue employers, lawyers have been recommending that advisers require plan sponsors to purchase fiduciary insurance.
401(k) participants who have borrowed from their investments rose from 9% in 2005 to 18% in 2007.
Connecticut is seeking to become the first state to offer a low-cost 401(k) plan designed for small businesses.
Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last year’s survey.
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The Labor Department will soon release guidelines detailing how advisers may give direct counsel to clients about IRAs.
