401(k) participants who have borrowed from their investments rose from 9% in 2005 to 18% in 2007.
Connecticut is seeking to become the first state to offer a low-cost 401(k) plan designed for small businesses.
Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last year’s survey.
The Labor Department will soon release guidelines detailing how advisers may give direct counsel to clients about IRAs.
A record 516 new plans were funded in 2007, with total plans serviced growing to 2,825, a 15% increase from 2006.
The rule would increase protection for employee contributions to pension and welfare-benefits plans for smaller firms.
Last week's U.S. Supreme Court decision to allow individual participants to sue 401(k) plan administrators will put further pressure on financial advisers to ensure that they are adhering to their fiduciary status, industry observers say.
Managed accounts aren't popular default options in 401(k) plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
While target marketing usually means targeting a specific audience, sometimes a product target also can bring success.
Today’s Supreme Court decision will impact 50 million workers with $2.7 trillion invested in 401(k) plans.
Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Despite initial concerns about portability, cost and complexity, annuities in defined contribution plans are slowly gaining momentum, according to a new report.
Complying with new 401(k) fee disclosures will be an arduous task, said a number of leading attorneys.
The new benefit will go with UBS’s target retirement funds and other investment options.
A total of $50 million in 401(k) assets moved into diversified equities from fixed-income investments during December, according to the Hewitt 401(k) Index.
Employee plaintiffs are lining up to sue the major brokerage firms over losses in company stock.
Starting in 2009, new rules will change the landscape of the 403(b) industry, making the plans look more like 401(k)s and increasing their attractiveness to savvy advisers in the process, industry leaders believe.
The group comprises 18 record keepers and investment providers that serve the market for the defined contribution plans sponsored by school systems and hospitals.
