Search results for: CIT
Participants in Tax-Exempt Market Accumulate Less Savings than Corporate Peers
Tax-exempt sector employees, those in the higher education, health care, government, foundations, and faith-based organization sectors, have saved an average of $48,000 in their defined contribution (DC) plans,...
Women Have Disconnect in Saving for Retirement
Although a majority of women (72%) say retirement is their primary investment goal, almost half of them (48%) do not participate in a retirement savings plan and 60%...
“Clean″ ETF Set to Launch
First Trust Advisors is slated to introduce this month an exchange-traded fund (ETF) that tracks the NASDAQ Clean Edge US Liquid Series Index.
Fidelity Tagged in Another 401(k) Fee Suit
The St. Louis-based law firm of Schlichter Bogard&Denton has filed another 401(k) fee lawsuit.
So, You Think You Have Problems?
You may think things are crazy this time of year in your office – and they may well seem that way. Advisers are human, after all, and advisory...
Fidelity to Pay $42M into Funds After Report Reveals Brokers' Gifts to Traders
Fidelity Investments has announced it will pay more than $42 million to its funds after a report issued by independent trustees of Fidelity’s board said some of its...
Study Finds 401(a) Growth
A new survey has found a notable hike in the number of larger corporate employers offering 401(a) money purchase plans.
State Street Global Advisors Lauches International Real Estate ETF
State Street Global Advisors launched an exchange-traded fund Tuesday on the American Stock Exchange that will track the performance of real estate securities outside the US.
Court Gives Thumbs Down to Citigroup Cash Balance Plan
A federal judge in New York has ruled in a lawsuit that Citigroup's cash balance plan is not “age neutral″ in the latest in a long line of...
Small Business Owners Not Likely to Offer Retirement Benefits
The 2006 ShareBuilder Small Business Annual Retirement Trend (SBART) Survey found that 63% of respondents do not offer retirement benefits to their employees and more than half (63%)...
Forced Retirement Another Factor in Retirement Planning
In addition to savings and investment considerations, a new survey suggests that part of a healthy retirement plan will include a consideration of early retirement because not all...
Advisers Excited About Growth Opportunities from PPA Provisions
About seven in 10 advisers surveyed by Fidelity believe their business will be a major beneficiary of the Pension Protection Act (PPA), predicting growth between 10% and 49%...
JPMorgan Retirement Plan Services Sues Former Exec Over Security Breach
JPMorgan Retirement Plan Services has filed a multi-count suit against former vice president of sales Paul Freeman, accusing him of lifting confidential client files when he defected to...
Emerging, Developed Markets Stayed Positive in November
Returns from the world’s emerging and developed markets stayed in the black in November as oil prices remained significantly below their summer highs, Standard&Poor’s said Tuesday.
NASD Fines Jefferies $5.5M for ‘Improper Gifts’ to Fidelity Traders
The NASD announced Monday it has slapped Jefferies&Company with a $5.5-million fine for providing “improper gifts and entertainment″ to Fidelity stock traders.
EBSA Asks for a Hand in Developing 401(k), IRA Advice Regs
As federal regulators continue filling in the detailed framework for the Pension Protection Act’s (PPA) provisions, they are now asking for public comment on the PPA’s investment advice...
GAO Urges Congress to Consider 401(k) Plan Fee Disclosure
A report from the Government Accountability Office (GAO) urges Congress to amend the Employee Retirement Income Security Act (ERISA) to require more comprehensive disclosure to participants on 401(k)...
AARP Finds Older Californians Overwhelmed by Retirement Saving
A survey from AARP Financial has found Californians over age 50 report being overwhelmed with too many choices, turned off by complex prospectus language and not sure who...
Fiduciary Breach Claims Must Seek Relief for Whole Plan
The US District Court for the Northern District of Ohio ruled that claims alleging a fiduciary breach by a retirement plan trustee must seek recovery for such breach...
John Hancock Enters the Lifecycle Market
John Hancock Retirement Services has added eight target date funds and a Retirement Portfolio to its roster of investment options for 401(k) plan participants.