Tag: 401k
Faulty Budget Scoring Could Shortchange 401(k) Plans
An economist and a tax expert detailed how congressional budget scoring could derail retirement savings incentives.
Hearing Examines Tax Treatment of Retirement Plans
The House Committee on Ways and Means heard testimony about the tax-favored status of retirement accounts Tuesday.
IFEBP Helps Celebrate National Employee Benefits Day
This year, National Employee Benefits Day will be celebrated on April 2.
Firms Launch Fiduciary Outsourcing Solution
MillenniuM Investment & Retirement Advisors (MIRA) and Rosenbaum Law Firm introduced Fiduciary Freedom Solutions (FFS) for 401(k) and 403(b) plans.
ShareBuilder 401k Adds Five Funds
ShareBuilder 401k is expanding its All-ETF 401(k) platform with the addition of five funds.
BofA Launches Small-Business 401(k)
Bank of America introduced a 401(k) solution from Merrill Edge designed for small businesses.
The Standard Enhances Retirement Plan Websites
Standard Retirement Services, Inc. launched two enhanced retirement plan websites.
TDFs See Significant Growth in 401(k)s
Assets in target-date funds (TDFs) grew to $380 billion by year-end 2011 and are targeted to reach $1.1 trillion in 2016.
Estate Can Sue Ex-Wife for Benefits Waived
A federal court decided that a waiver of benefits can be enforced through a direct suit against a named beneficiary after benefits have been paid.
The Hartford Puts Retirement on the Block
The Hartford is pursuing the sale of, or other strategic alternatives, for its Retirement Plans business.
Changing Tax Treatment of 401(k)s Will Reduce Accounts
An analysis of proposals to change the tax treatment of 401(k)s indicates a negative impact on participant accounts.
Castle Rock Offers Benchmarking Tools
Castle Rock Innovations, LLC (CRI) is offering tools that focus on benchmarking fees and services.
Analysis Shows Savings for Individuals with IRA and 401(k)
An analysis of Fidelity-administered accounts reveals how much more retirement savings are accumulated for investors with both an individual retirement account (IRA) and 401(k).
TDFs Decrease 401(k) Investing Extremes
In 2011, 18% of Vanguard retirement plan participants held extreme asset allocations—10% with only equities and 8% with no equities.
BMO Initiates Retirement Readiness Program
BMO Institutional Trust Services initiated a Retirement Readiness program to help employers better prepare employees for retirement.
Long Island CEO Accused of Stealing from 401(k)
Suffolk County (New York) prosecutors say a Long Island CEO looted his employees' retirement accounts and bought expensive cars with the money.
IRAmarket.com Teams with WMSI for Rollover Solution
IRAmarket.com launched a service to help reduce the paperwork for 401(k) rollovers to IRAs.
Majority of Investors Haven’t Developed Plan for Retirement
Only 39% of investors between the ages of 21 and 50 are confident that they will have enough money for retirement.
Court Dismisses Claims of Improper Investment Selection
A federal court dismissed a 401(k) plan participant’s claims that plan fiduciaries inappropriately selected plan funds and allowed excessive fees.