Tag: Defined contribution

The current tax treatment of 401(k) plans costs the U.S. Department of Treasury between $50 and $70 billion per year, says a recent analysis.

Cerulli Associates predicts the IRA marketplace will grow steadily over the next five years and expects assets to rise to $7.3 trillion by 2016.

Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it is important for plan advisers to understand how the final ruling impacts them.  

Eighty-four percent of polled executives responsible for 401(k) plans say only some or very few employees will be financially prepared for retirement.

IRA Financial Group has launched a free, online Solo 401(k) contribution calculator.

 Fifty-four percent of Hispanics report they feel “not very” or “not at all” prepared for retirement.   

The Internal Revenue Service’s (IRS) interim report of responses from its 401(k) Compliance Check Questionnaire offers a view of the 401(k) plan design landscape.

EPIC Advisors Inc. (EPIC) chose Castle Rock Innovations’ (CRI) AXIS Retirement platform to provide compliance with the Department of Labor’s 408(b)(2) fee disclosure requirements.  

A white paper called “The Savings Crisis of Working Americans: The Retirement Industry Call to Action” is available from the Legg Mason Retirement Advisory Council (LMRAC).

Total asset levels in the U.S. retirement market grew 9.6% from 2009 to 2010, totaling $15.8 trillion as of end of year 2010.

Fiduciary Investment Advisors opened a Boston office at 112 Water St.

A report from Broadridge Financial Solutions provides insights designed to help firms successfully navigate the new fee disclosure regulation being implemented by the Department of Labor.

Retirement plan participants are in need of direct, simple guidance to help them reach their retirement goals, according to State Street Global Advisors’ (SSgA) Defined Contribution (DC) Investor...

The volume of 401(k) participant transfer activity was below average for December, according to the Aon Hewitt 401(k) Index.

Plan sponsors are not fully knowledgeable of their plan administrative fees.

MFS Investment Management has hired Peter J. Barron and Murray A. Cleaner to the defined contribution investments (DCI) team as DCI specialists. 

During the period of 2005-2010 the typical defined contribution (DC) plan participant earned an average annual return of 3.76%.  

Nuveen Investments is launching a business development program for advisers looking to expand their practice into the defined contribution retirement plan space.

The U.S. Bureau of Labor Statistics (BLS) found that 2% of compensation costs for private industry employers go toward defined contribution benefits. 

 The Callan DC Index suffered a loss of 11.45% in the third quarter of 2011.