Facing a decline in corporate sponsorships, National Public Radio announced layoffs and benefits changes in an attempt to close a $15 million budget gap.
Dallas, Texas-based Kimberly-Clark Corporation will freeze its defined benefit pension plan for non-union workers on December 31 and adopt a new 401(k) program.
A recent Gallup poll shows that, for the first time this decade, a majority (52%) of non-retired Americans say they will not have enough money to live comfortably...
As the stock market moved into positive territory in March, 401(k) participants also changed the direction of their transfers, according to the results of the Hewitt 401(k) Index.
The state of Oregon has sued OppenheimerFunds Inc., charging the fund manager with understating the risk it took with a bond fund in Oregon's state college-savings plan.
The average fees and expenses that investors paid on mutual funds fell in 2008 to their lowest levels in more than 25 years, according to the Investment Company...
Goldman Sachs Asset Management has raised $5.5 billion from investors to start a fifth fund dedicated to buying private equity investments on the secondary market.
A survey of investment managers by Northern Trust Global Advisors (NTGA) found that nearly half of those polled are less risk-averse than they were three months ago.
Anheuser-Busch plans to freeze its pension plan for salaried employees, eliminate retiree health coverage for new employees and ask retirees to contribute more to their health benefits –...
As they look to cut fees, corporate 401(k) plan sponsors are continuing to opt for institutional pools over institutionally priced mutual funds, according to research by Cerulli Associates.