Defined Contribution Plans
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Widower can collect survivor benefits now, retirement benefits later
So often when I write or talk about Social Security benefits, I refer to the fact that actuarially, women are likely to survive their husbands. Consequently, many of my discussions of survivor benefits focus on widows.
GAO is on target in rollover report
When workers participating in 401(k) plans switch jobs, they have the option of rolling over the money that they have saved into individual retirement accounts. But that isn't their only choice.
Rollover conflicts a task for advisers
Investment advisers agree that rollovers from defined-contribution plans such as 401(k)s into individual retirement accounts can be tinged with conflicts of interest, but they say that a new government report on rollovers failed to mention the role that they can play in resolving such conflicts.
Reports of the death of retirement savings greatly exaggerated
New data reveal more cash stashed away than thought; plan sponsors wising up.
Advisers pitching 401(k) plans: Do your homework
As more advisers jockey for 401(k) business, they'll have to find different ways to stand out among prospects and win new plans.Research from Franklin Templeton Investments shows that plan sponsors turn to referrals from peers to uncover advisers they'd like to work with rather than responding
IRS plans to update guidance on Roth options
Expanded options are contained in the American Tax Relief Law, which was signed by President Barack Obama on Jan. 2.
ICI survey: Americans back tax breaks for retirement savings
Most also want Congress to keep 401(k), IRA tax deferrals, no caps on employer contributions.
ING to cough up $5.2 million in Labor Department settlement
Insurer failed to disclose to retirement plan clients that it kept investment gains related to late trades.
Power grab? Consumer agency may dig into retirement savings biz
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency's first foray into consumer investments.“That's one of the things we've been exploring and
Now, it's Treasury that's pulling cash from its retirement plan to pay bills
Move to suspend investments will give the government about $156B in breathing room.
Pension envy for employees not on the government's dime - InvestmentNews
DC plan participants jealous of generous defined-benefit plans, study finds
Surprise! Plan sponsors chose advisers based on comfort, fit — not pricing
Fees are important to plan sponsors shopping for financial advisers, but they're not necessarily a deal breaker. In fact, in a study of sponsors by Franklin Templeton Investments and Chatham Partners, pricing came in fourth when employers were asked to cite the reasons they selected a particular
Hold the phone: Retirees aim to block Verizon pension pass to Pru
Non-union workers file suit, allege breach of fiduciary duty, failure to provide disclosure
IRS eases retirement loan procedures for Sandy victims
People affected by Hurricane Sandy, or their close relatives, can tap qualified retirement plans without having to follow certain procedures for hardship withdrawals, the Internal Revenue Service said.
Does Pru's hiring of DOL big signal reg changes for stable value?
ERISA lawyers say recruitment of Davis suggests insurer could be prepping for new rules
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Mary Beth Franklin, InvestmentNews
Harley Gordon, CLTC