Record Number of 401(k) Savers Increased Contributions in Q1 2016
In addition, the average balance for people who have been in their 401(k) continuously for 10 years increased 2% year-over-year, according to Fidelity data.
Tag: 401k
Advisers Compete With Internet for Investment Advice to Participants
A survey found the two tied as the most commonly used resource for helping with investment allocation among 401(k) participants.
Court Orders Payment of Government Contract Retirement Plan Contributions
The DOL alleged that James Brunk and Brunk Industries Inc. failed to collect prevailing wage employer contributions for the employees’ 401(k) plan provided by government contracts for work...
Fees Paid for In-House Plan Administration Resulted in Self-Dealing
A lawsuit filed by the Labor Department in 2015 alleged City National Corp.'s payments to its own staff to administer its 401(k) led to excessive fees for plan...
Breaking Into the Tribal Retirement Plan Market
When working with tribal nations, building a solid relationship is the first and most important step.
No Change in Retirement Assets from 2014 to 2015
Although retirement assets were $24 trillion at the end of both years, the makeup of the market changed.
DOL Secures Fiduciary to Distribute Nearly $1M to Participants
A now-defunct company failed to take the appropriate steps to terminate its 401(k) plan.
More Higher Ed. Institutions Using 401(k)s
Transamerica attributes this, in part, to more institutions using plan advisers.
Cross-Testing Plans Can Benefit Older, Highly Paid Employees
Rather than considering contributions, cross-testing focuses on benefits.
RJR Sufficiently Proved Reason for 401(k) Stock Split
A federal court has found that RJR proved a prudent fiduciary would have removed Nabisco stock from its 401(k) plan.
Lawsuit Accuses Chevron of Not Using Negotiating Power for 401(k) Fees
The lawsuit also questions Chevron's failure to use a stable value fund, collective trusts or separate accounts.
Court Finds Custodial Agreement Must Be Provided to Participant
A federal judge found the agreement does dictate important aspects about the participant’s benefits under the 401(k) plan.
Money Intel Jumps into Small-Plan Market
Money Intel announced the launch of a 401(k) platform specifically designed for small- and medium-sized businesses and their employees.
Stadion StoryLine Launch Reflects Wider QDIA Trends
A new managed account approach from Stadion Money Management reflects some key changes in industry thinking adopted since the Pension Protection Act popularized aggressive use of the QDIA....
Leakage Is a Serious Problem for 401(k) Plans
Millennials and those with balances lower than $20,000 are at the greatest risk for cashing out.
401(k) Investors Should Stick with Equities During Market Volatility
An analysis by Fidelity indicates 401(k) investors who stuck with equity allocations after the 2008 financial crisis fared better than those who didn’t.
Oracle Complaint Latest in a Parade of 401(k) Fee Suits
A new 401(k)-related lawsuit emerging this week in a Colorado district court will undoubtedly sound familiar—perhaps painfully so—to retirement plan industry professionals.
New Law Expands Allowable Rollovers to SIMPLE Plans
It also expands the exceptions for the 10% additional income tax on distributions for those younger than 59-1/2.