Workers would keep their defined benefit contributions, something that has largely disappeared from the private sector.
Personnel Journal Jan./Feb. 1936, pages 237-242Read More
The development of the restructuring will set a precedent, particularly at a time when local government budgets and defined benefit plans are under strain.Read More
The case is significant because new federal rules that go into effect this summer will require 401(k) plan service providers—such as record keepers and investment managers—to report detailed fee information to plan sponsors.Read More
Plan sponsors need provider fee information so they can give participants data on fees. This regulation comes in two waves: the first requiring plan sponsors to give participants plan and investment information due Aug. 30, and the second delivering quarterly information on fees and services to participants' individual accounts, due Nov. 14.Read More
At a House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs.Read More
After seeing parents struggle through the Great Recession, a survey reveals that for many younger workers, financial security later in life is growing more important.Read More
The plans offer a core lineup of 12 options, in addition to the target-date series and a self-directed brokerage window to accommodate participants who want greater access to mutual funds, exchange-traded funds and stocks.Read More
'What we need to do is provide options so that, case by case—employer and employee—they have choices. … And I think that, actually, is an important part of the future,' Joshua Gotbaum told the National Press Club on April 3.
The most significant advantage that self-funded plans offer to employers is access to medical claims data, something insurance companies typically do not share with employers, says George Pantos, executive director of the Healthcare Performance Management Institute in Bethesda, Maryland. Read More