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Target-date funds are default automatic enrollment pick for 401(k)s
Target-date funds are the most prevalent default investment option for automatic enrollments at large-size companies, according to a Towers Watson survey. Exactly 72% companies with 1,000 or more...
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More workers raiding 401(k) plans to pay for living expenses
More people are dipping into their 401(k) plans, forced by the economy to use the funds to pay for daily expenses, according to new research. Meanwhile, the majority of 401(k) retirement plan...
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Average 401(k) account balance rising; investors diversifying
The average 401(k) account balance has been rising annually and particularly in 2009, and investors want to diversify their stock, a report says. The average 401(k) account balance rose 31.9% in 2009,...
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Redefining ‘fiduciary’ could mean higher costs for 401(k)s, IRAs, experts say
The definition of “fiduciary” being proposed by the U.S. Labor Department could do more harm than good for workers and employers, according to two industry experts. John Berlau The Labor Department is...
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Aligning group benefit, 401(k) agencies with payroll firms
In today’s competitive business environment, companies are always looking for ways to bring added value and services to their customers. However, this desire for differentiation, market share and new...
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Most workers say savings, 401(k) plans intact despite economy
The majority of workers say that despite the economic downturn they have not been forced to change the amount of money they are putting into savings or their 401(k) plans. The CareerBuilder survey,...
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People active in retirement planning expect deeper pockets next year
More Americans are confident that their personal finances will improve in the next year, a trend resulting from increased retirement planning, a new study says. Exactly 34% of respondents said they...
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Final U.S. rules issued on how 401(k) advisors avoid conflicts of interest
Federal officials have issued final regulations establishing how investment advisors providing 401(k) participants with advice without violating transaction rules. The U.S. Department of Labor’s...
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Alliant buys Thesco, seeking more of Northeast’s 401(k) marketplace
The largest specialty insurance brokerage in the U.S. acquired a New York-based 401(k) investment and advisory firm, seeking to expand its presence in the Northeast. Alliant Insurance Services, based...
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Sponsors of 401(k)s adding features to boost participants’ investment
Nearly half (49%) of 401(k) plan sponsors are offering features to automatically increase participants’ contributions as they seek to improve their employees’ preparation for retirement, a new Deloitte...
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