Defined benefit plans offered by the 100 U.S. employers with the largest pension programs were an average of 72.4 percent funded as of Aug. 31, up from 70.9 percent as of July 31, but sharply lower compared with the 78.7 percent funded ratio at the end of 2011.Read More
This year's Sept. 7 kickoff date for National 401(k) Day "is a great trigger event for plan sponsors to have the conversation of how to get the most out of your 401(k)," says Chris Augelli, vice president of sales operations at ADP Retirement Services. "But it's not a one-time event. It should be an ongoing dialogue."Read More
'Companies that look great today may not look great tomorrow. It is better for participants not to be overexposed in their retirement plans to company stock,' BrightScope founder Dan Weeks says.Read More
As chairman of the House Budget Committee, Ryan drafted budgets for fiscal years 2012 and 2013 that include plans to overhaul the nation's federal healthcare entitlement programs through a premium-support model for Medicare and block grant payments to states for Medicaid.Read More
In the past, most workers figured they'd be able to retire at the age of 65. But following 2008's financial crisis, the idea of working a few more years to recoup lost savings became commonplace.Read More
Participants in defined contribution plans should receive the first of two fee-disclosure notices by Aug. 30. This notice should include a listing of all the investments available in the plan as well as the options' fees and historical performance.Read More
Target date funds and professional investment management services help employers and employees transition from outdated attitudes and methods to fund retirement.
Savings totals are being crimped by lower wages and the time they've spent outside the workforce.
Only 18 of the 338 S&P 500 firms with pension plans were fully funded, according to the Standard & Poor's report. Read More