Employers are getting more proactive about offering incentives to make it easier for employees to use a 401(k) plan, according to a study from Deloitte Consulting LLP.
Following Invesco AIM were American Funds Group, Fidelity Investments and OppenheimerFunds Inc.
A Department of Labor proposal released last week seeking to provide the country's 65 million 401(k) participants with additional information about fund charges is stirring debate among different advocacy groups as to whether more data would be helpful or damaging.
As proposed, a participant’s investments would be displayed on a chart showing total fees and expenses.
Legislation would set limits on the number of loans that can be taken from 401(k) plans and ban 401(k) debit cards.
In his 20 years of managing clients' 401(k) plans, Michael T. Scarborough has seen numerous examples of mistakes made by investors who don't allocate enough of their salaries to saving for retirement.
Women are less aggressive then men when it comes to saving for retirement, according to a new study.
The deal makes Hartford-based ING Wealth Management the third largest defined contribution business in the country.
More than two years after its creation, the Roth 401(k) is finally gaining traction in company plans, such as those managed by The Hartford (Conn.) Financial Services Group Inc., The Vanguard Group Inc. and Merrill Lynch Retirement Group.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Fidelity's IRA market share is about 13.7% as of the fourth quarter of 2007, up from 12.7%, the previous year, according to Cerulli.
Some 21% of participants are now contributing at a lower rate and 4% have stopped altogether, according to Putnam.
“We’re not going to move [the bill],” said Rep. George Miller, D.-Calif. “We don’t see the president signing it.”
Financial advisers face an array of challenges in the retirement market in the next decade.
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
During the past decade, 401(k) plans have elbowed defined benefit plans to become the primary retirement vehicle for most Americans.
The economic downturn is forcing some baby boomers to raid their 401(k) plans and halt their savings, which could have a negative effect on their retirement, according to a new study.
A new software service lets employers benchmark 401(k) plan costs.
Despite the economic downturn, demand for small-business 401(k) plans remains strong, according to ShareBuilder Advisors.
