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401(k) plans

Speakers encourage fiduciary role for advice on DC lump sums, IRA rollovers

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People giving advice to defined contribution plan participants about lump-sum distributions and rollovers to individual retirement accounts should be covered by a new fiduciary standard, several speakers said Wednesday at a Department of Labor hearing on the proposed rule.

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Rising costs usher in pension ‘de-risking’ cycle

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Many Connecticut workers probably think of a pension as something their parents had, or something they'll never get. Indeed, as companies have frozen or curtailed their pensions or "defined-benefit" plans, the number of Connecticut private-sector workers and retirees with a single-employer pension (519,000) has plummeted 42 percent over the last decade, federal data shows.

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Retirement Plans At Every Employer! Is Your State Next?

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Paid sick leave, raising the minimum wage, commuter benefits. What’s next on the list of items employers are going to have to offer their employees? Retirement benefits.

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Supreme Court Decision in Tibble a Victory for 401(k) Participants

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WASHINGTON – On May 18, the U.S. Supreme Court ruled in favor of employees in Tibble v. Edison International, a class-action lawsuit filed by participants in the power company’s 401(k) plan.

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Supreme Court decision should help lower 401(k) fees

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In a decision that should put further downward pressure on 401(k) fees, the Supreme Court ruled unanimously Monday that the trustees in charge of such plans have an ongoing duty to monitor plan investments.

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More GOP Senators Press DOL to Extend Fiduciary Comment Period

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Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.

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Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period

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Lawmakers asked Labor Secretary Thomas Perez in two separate letters this week to extend by another 45 days the comment period on the Department’s redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.

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Major Financial Players Lobby Around Obama’s Investment Rules

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In the months since President Obama announced his support for new retirement investment rules that would stop advisers from pushing high-fee plans on small-fry American investors, several major financial organizations have lobbied hard on a bill that would undermine the commander in chief’s agenda, according to recently released lobbying records for the first quarter of the year.

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Supporters, Critics, Gear Up for Fight Over Proposed Expanded Fiduciary Definition

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Supporters and opponents of the Department of Labor's conflict-of-interest proposed regulation ramped up their campaigns soon after the Obama administration announced the rule's release.

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