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401(k) plans

ERISA at 40

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The landmark legislation that promised security in retirement has fallen far short of its expectations

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Speakers Tell Council DOL Guidance Needed To Boost Savers’ Lifetime Income Options

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A combination of guidance and online tools from the DOL on lifetime income would help retirement plan participants make good decisions about their retirement funds and investments, a speaker told the ERISA Advisory Council.

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Burlington College Neglected Retirement Contributions

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Burlington College neglected to make contributions to the retirement funds of staff members this summer.

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The Case of the Deleted Social Security Data: Why It is Bad for Workers and Retirees

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In their 2014 report on the finances of Social Security, the trustees of the system deleted key information on the replacement rates of Social Security. What’s the harm in that, right?

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Church-plan status under increased scrutiny

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A growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from federal pension rules.

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Practitioners Say QLAC Rules Widen Choices, But Plans May Be Reluctant to Offer Them

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Recent final rules on qualifying longevity annuity contracts (QLACs)—which can help retirees ensure they have a stream of regular income through their advanced years—received praise from retirement insiders, but the new guidance doesn't guarantee that the products will be embraced, practitioners told Bloomberg BNA in a series of interviews.

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Treasury, IRS Modify Tax Code Rules To Expand Access to Retirement Annuities

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The federal government helped broaden the choices for those shopping for lifetime income options in retirement by modifying the required minimum distribution rules for various types of plans in newly released final regulations on qualifying longevity annuity contracts.

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Lockheed to freeze pension plan

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Lockheed Martin will freeze its defined benefit pension plan and transition its employees to a defined contribution plan, the Maryland-based aerospace giant said today.

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Retirees Suffer as 401(k) Rollover Boom Enriches Brokers

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Kathleen Tarr says AT&T Inc. employees looked to her as “their de facto 401(k) expert.” Visiting their homes and offices, she advised them on their retirement plans as they called up balances on computer screens. Actually, Tarr worked for Royal Alliance Associates, a brokerage firm owned by insurer American International Group Inc. (AIG).

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The United States, on the verge of a retirement crisis

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"For retirement, the answer is 4-0-1-k," proclaimed Tyler Mathisen, then editor of Money magazine in 1996. "I feel sure that someday, like a financial Little-Engine-That-Could, it will pull me over the million-dollar mountain all by itself." For this sentiment, and others like it, Mathisen was soon rewarded with an on-air position at financial news network CNBC, where he remains to this day.

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