Gen Y Most Properly Allocated 401(k) Participants
A higher selection rate of target-date funds makes Gen Y 401(k) participants (those born between 1979 and 1991) the most properly allocated, Fidelity found.
Tag: 401k
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Average 401(k) Balance Jumps 8%
Fidelity Investments reported its average 401(k) balance rose to $74,600 at the end of the first quarter, up 8% from the end of fourth-quarter 2011.
401(k) Loans Spike in Summer
The summer brings higher temperatures—and according to benchmarking data from Charles Schwab, it also brings a higher rate of 401(k) loans.
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Closing the Gap
How do plan sponsors and participants address a lack of retirement savings?
Cash Balance Plan Growth Outpacing Other Plan Designs
Kravitz’ 2012 National Cash Balance Research Report indicates a 21% annual increase in new cash balance plans, almost double the previous year's 11% growth rate.
DC Participants Want to Save More, Need Education and Help
Employees across the United States are willing to save more for retirement and report that there is room in their budgets to do so.
Lincoln Trust Acquires Benefit Solutions
Lincoln Trust Co. has acquired Benefit Solutions Corp., a 401(k) recordkeeper and third-party administrator (TPA).
Seniors, Retirees Could Feel Pinch of Dividend Tax Hike
A dividend tax rate hike scheduled for January might have an impact on Americans who rely directly and indirectly on dividends, a study found.
DC Retirement Plan Industry Needs Self-Esteem Boost
The defined contribution (DC) retirement plan industry has a “self-esteem problem” that must be addressed, one industry expert contends.
The Hartford Adds My Retirement Tracker to Website
The Hartford released a tool that permits savers to set savings and income goals, track their progress and integrate other financial sources.
Women May Stop Working With Adviser If Spouse Dies
Some women say if their relationship with a spouse or partner terminated, they would also end their relationship with a financial adviser.
Council Offers Adviser RFP Template
The Retirement Advisor Council released a template request for proposal (RFP) questionnaire for use by 401(k) and 403(b) plan sponsors looking to select an adviser.
Financial Plan Launches 401(k) Branch
Financial Plan Inc. of Bellingham, Washington, launched a new branch of business dedicated to 401(k) plans.
DC Assets Fastest Growing Among Employer-Sponsored Plans
Assets in employer-sponsored retirement plans, IRAs and annuities totaled $17.9 trillion at year-end 2011, up slightly from 2010, according to the Investment Company Institute (ICI).
T. Rowe Price Rolls Out Mobile App
T. Rowe Price released a mobile application to allow investors to manage their accounts and view fund information.
More Participants Choosing Professionally Managed Investments
One-third of all 401(k) plan participants in plans recordkept by Vanguard invested their entire account balance in a professionally managed asset allocation and investment option in 2011.
Risk Management Sensitivity a Factor in Adopting Guaranteed Income
Some plan sponsors are hesitant to implement an in-plan guaranteed retirement income solution for the same reasons others are in favor of it.
401(k) Eligibility a Key Factor in Retirement Readiness
Being eligible to participate in a 401(k) is critical in closing the retirement savings gap for Generation X, according to the Employee Benefit Research Institute (EBRI).
Advisers Favor Extending the Fiduciary Standard
More advisers should be bound by the Employee Retirement Income Security Act (ERISA) fiduciary standard, a survey found.
J.P. Morgan Launches Plan Design Guide
J.P. Morgan Asset Management introduced a tool to help retirement plan advisers facilitate conversations with plan sponsors about 401(k) plan design.