PRC In the News
Loans From 401(k)s Are on the Rise As Investors Tap Their Inner Banker
In spite of decades of advice to the contrary and the improving economy, millions of Americans are increasingly turning to what was once a lender of last resort—their 401(k) plans.
Lack of Pension Coverage Is a Serious Problem
When thinking about how secure people are going to be in retirement, we tend to put a lot of emphasis on the shift from the old-fashioned defined benefit plan (where people receive a benefit for life based on final earnings and years of service) to 401(k) plans (where the employee, and usually the employer, contribute […]
Court Grants Class Certification in First Horizon 401(k) Suit
The U.S. District Court for the Western District of Tennessee has granted conditional class certification in a lawsuit concerning the 401(k) plan of First Horizon National Corporation.
Most Americans Haven’t Planned for Retirement and Other Areas of Concern
The financial status of American households may be even darker than we thought.
Don’t Play Dead With Your Rollover
The Great Rollover Hunt is on. Some $350 billion will be rolled over into individual retirement accounts from 401(k)s and other workplace accounts this year, up from $330 billion in 2010, according to Financial Research Corp., an investment industry research firm.
Revealing Excessive 401(k) Fees
You may not realize this, but your 401(k) or other workplace retirement plan is not free.
More Americans Choose to Work in Retirement
Most Americans now think they will continue to work after they reach retirement age. Both financial and personal reasons have been factored into their decisions to delay retirement.
Labor extends date to comply with 401(k) fee disclosure rule
The Labor Department said Wednesday that it will give employers with 401(k) and other participant-directed plans more time to comply with a final rule requiring disclosure of fees and expenses of the investment options offered by the plans.
How to protect your 401(k) if you leave your job
You thought the hardest part about saving for retirement was figuring out the best place to invest your money? Here’s another head-scratcher: what to do with your 401(k) when you leave your job.
Fight heats up over DOL definition of fiduciary
As federal regulators put the finishing touches on a broader definition of fiduciaries, legislators and lobbyists are increasing their efforts to send it back to the drawing board.
Annuities in retirement plans remain rare
Years after they were first launched, in-plan annuities meant to help retirement-plan participants turn their nest eggs into regular income streams remain fairly rare.
Tough times cause second thoughts about retirement
Just how are people older than 50 doing with their retirement savings? In a recent survey sponsored by the AARP Public Policy Institute, things are not so rosy, even for those who were steadily employed during the last three years.
