For about 20 years, employers could erode the quality of their retirement benefits without paying much of a price. Those days are over. And wise employers are seeing greater retirement security for workers as a goal that helps both employees and the organization.Read More
Southwest Airlines took the No. 1 spot on BrightScope Inc.'s third annual year-end list of top 30 401(k) plans in 2011. Companies making the list are continuing the trends of improving participation rates, increasing employer matches and lowering total plan costs.Read More
In its latest timetable for implementing the Dodd-Frank financial reform law, the commission put fiduciary duty on the list of rules labeled 'dates still to be determined.' Many other rules are designated for release during specific time periods.
In the aggregate, the plans' funding deficit hit $484 billion as of Dec. 31, 2011, up from $315 billion a year earlier and $229 billion as of Dec. 31, 2009.
401(k) plan participants last November maintained a now six-month trend in moving money to fixed income from equities, according to Aon Hewitt's November 401(k) Index.Read More
Interactive online tools such as videos, chats and blogs designed to encourage employees to invest more than the default minimum in their 401(k) plans have become increasingly common.Read More
With their sights set firmly on the trillions of defined contribution plan assets expected to move into customized target-date funds before the end of the decade, Bridgewater Associates LP and AQR Capital Management LLC are looking to make sure their risk-parity and hedge fund strategies are readily available for use as components within the target-date series.
The Employee Benefit Research Institute did a state-by-state analysis to see whether it was possible to pinpoint financially savvy states and ranked them in two categories: financial literacy and financial behavior.Read More
Four in 10 of those surveyed said that their biggest fear about retirement is that they 'will do all the right things and it still won't be enough for tomorrow.'Read More
The Palo Alto, California-based tech giant contributed a total of $279 million to its U.S. pension plans and $458 million to its non-U.S. pension plans in 2011.Read More