Pension News

Here’s some of the latest news from the world of pensions:

▪    It isn’t too late to make contributions to your IRAs and 401(k) plans for 2009. In fact, for IRAs you can make contributions for 2009 until April 15, 2010. Check out our list of annual retirement plan contribution limits for more information.

▪    401(k) plan rating service BrightScope has released a list of the 30 top 401(k) plans of 2009. Good news - Some of these companies have reinstated their 401(k) matches. 

▪    Apparently, size matters when it comes to 401(k) plans. OnWallStreet.com reports on a new study from the Employee Benefit Research Institute that finds that, “workers at firms with fewer employees are significantly less likely to participate in a retirement plan than are workers at large firms.”

▪    A new working paper from the Center for Retirement Research at Boston College finds that employers automatically enrolling employees in 401(k) and other defined contribution plans tend to have lower employer matching percentages. 

▪    Yikes: US News & World Report’s Planning to Retire blog finds that Generation Y has too much debt to save for retirement.

This entry was posted on Monday, December 28th, 2009 at 5:56 pm and is filed under In case you missed it. You can leave a comment.