Tag: 401(k) plans
Should You Roll Over Your 401(k)?
When leaving a job, most people automatically transfer, or “roll,” their 401(k) accounts to an individual retirement account. Now, some companies are urging departing employees to leave their savings right where they are — and there could be some good reasons for doing so.
5 ways to make 401(k) plans more like pensions
It may feel as though 401(k)s have been around forever, but they’ve only been with us since the 1980s (okay, maybe that is forever). Until the 401(k) came along, if you had a workplace retirement plan it came in the form of a traditional defined benefit pension.
401(k)s Primarily Benefit the Wealthy
High income employees receive the majority of the tax benefits of 401(k)s, according to a new Government Accountability Office report. The analysis found that 401(k) tax benefits accrue primarily to highly paid employees and do relatively little to help lower income workers save for retirement.
Savings Plans March 31, 2011, 5:00PM EST Big Banks Go After 401(k) Trillions
JPMorgan Chase, BofA, and Wells Fargo are gearing up to compete with Fidelity and Vanguard to administer retirement plans
Big Banks Go After 401(k) Trillions
JPMorgan Chase, BofA, and Wells Fargo are gearing up to compete with Fidelity and Vanguard to administer retirement plans
Labor Department Weighs New Definition of ‘Fiduciary’
For the first time in 35 years, Labor Department officials are exploring whether they should change the definition of ‘fiduciary’. The agency wants to make the change so it can better protect the rights of participants, but the benefits community doesn’t see it that way.
401(k) matches missing for many
Many companies, including ones with El Paso operations, stopped or reduced company dollar matches to employees’ 401(k) savings plans during the recession as company revenues declined.
At DOL Hearing, Officials Seek Answers About Value of Investment Advice Disclaimers
Department of Labor officials asked panelists during hearings March 1 and 2 whether requiring certain conflicts of interest involving investment advisers to be fully disclosed would be as effective at protecting retirement plans, participants, and beneficiaries as prohibiting those conflicts of interest. Reproduced with permission from BNA Pension & Benefits Reporter, 38 BPR 459 (Mar. […]
Bad news for boomers relying on 401(k) plans
The 401(k) generation is retiring with savings plans that are falling way too short.
Fidelity: market gains push 401(k)s to record high
Small companies catch up to larger ones on restorations.
401(k) plans regaining steam
It’s not just jobs that have been slow to come back during the economy’s spastic recovery from the Great Recession. About half of the U.S. companies that suspended contributions to their employees’ retirement savings after 2008 haven’t restored them yet.
