PRC In the News
9 Signs Your 401(k) Stinks
It looks like droves of public employees may soon be joining the ranks of 401(k) nation. A growing trend in cash-strapped state and local governments is to push for new retirement benefits that shift workers out of traditional pensions and into the less secure world of the 401(k).
DOL to Issue Final Rule on Fiduciary by Year-End: Borzi
Phyllis Borzi, assistant secretary for the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) said Tuesday that the EBSA plans to “refine” the text of its proposed regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) and issue a final rule by year-end.
DOL, industry spar over fund lineups
The Labor Department and representatives from service providers and pension advocacy groups today sparred over whether presenting a retirement plan with a fund lineup constitutes investment advice.
7 Conflicts of Interest in Your 401(k) Plan
Employer-sponsored 401(k) plans are riddled with conflicts of interest, according to a Government Accountability Office report released this week.
GAO Slams 401(k) Plans for Conflicts of Interest
The nation’s 401(k) retirement plans are riddled with conflicts of interest that are causing financial damage to tens of millions of savers, according to a Government Accountability Office report released today titled Improved Regulation Could Better Protect Participants from Conflicts of Interest.
Economy puts some retirements at risk
Some Americans who put money aside and invested in 401(k)s and other retirement plans thought they had it made, but a new analysis finds that many haven’t saved nearly enough.
Paying for Old Age
Anyone planning for retirement must answer an impossible question: How long will I live? If you overestimate your longevity, you might scrimp unnecessarily. If you underestimate, you might outlive your savings.
GAO lifts hood on target date funds – and finds big problems
The U.S. Government Accountability Office has recommended several major changes to the use of target date funds in 401(k) plans after finding that investments in funds with similar end dates vary wildly.
Fidelity: market gains push 401(k)s to record high
Small companies catch up to larger ones on restorations.
Five retirement planning mistakes to avoid
Retirement planning is a whole new world when compared with the reliable three-legged stool that the World War II generation relied on.
Blacks, Hispanics hold few investments, poll shows
As the economy emerges from the recession and the national debate turns to limiting the cost of the social safety net, only one in four African Americans and one in six Hispanics reported owning stocks, bonds or mutual funds, a new poll shows.
PBGC premium hikes in federal budget debated
The federal budget proposal that gives the PBGC new authority to increase premiums on the retirement plans it insures and impose higher premiums on riskier plans raises more questions than it answers, experts say.
