The Department of Labor proposed a new rule for fiduciaries meant to increase fee disclosure in 401(k)s.
Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.
37% of workers born in 1990 will reach retirement age with no savings in a 401(k)-type account, says a report.
Certified public accountants who serve small businesses are poised to offer 401(k) plans to their clients, said Chandra Bhansali, president of AccountantsWorld LLC, an online company that provides payroll assistance to 110,000 accountants.
The unveiling of the revised Internal Revenue Service Form 5500 comes with both relief and trepidation.
Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, in a transaction valued at $7.5 billion.
The Pension Protection Act of 2006 included a provision that would permit non-spouse plan beneficiaries to transfer assets directly from the plan to a properly titled inherited individual retirement account.
The greatest risk facing the 401(k) system is that plan service providers will be declared legal fiduciaries as a result of litigation.
Almost all adults enrolled in an automatic enrollment 401(k) plan are glad their companies offer the service.
John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.
Connecticut is the top-scoring state, and Los Alamos, N.M., is the top-scoring community, for personal-savings and investing behavior, according to A.G. Edwards & Sons Inc.
The mutual fund industry and independent 401(k) service providers squared off last week before the House Ways and Means Committee over whether fees for various 401(k) services should be broken down in disclosures to employers.
Citigroup Inc. of New York has been sued by a participant in its $12 billion 401(k) plan.
The St. Louis-based firm touts this plan as the lowest cost full service 401(k) plan available in the industry.
The new regulations from the Department of Labor covering qualified default investment alternatives will have widespread ramifications for both financial advisers and insurance companies.
Just 23% of women in a recently released survey said that they were confident in their ability to retire with a lifestyle that they considered comfortable.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
The Oregon College Savings Plan will combine principal protection with upside potential.
The mutual fund trade group asks the state to repeal a new sales tax on investment advice services.
Legislation mandating complete transparency in 401(k) fees is set to be introduced in the Senate this week.
